Historic Bermudian dollar Lao kip

Bermudian dollar lao kip history for August 2023. The highest quote for this month is 19427.6 (25/08/2023) and the lowest 19383.9 (29/08/2023). The difference between high and low is 0.22.

BMD LAK average rate for August 2023 is 19226.808, the change between 01/08/2023 and 31/08/2023 is -2.07 %.

01 August 20231 BMD = 19025.00 LAK
02 August 20231 BMD = 19000.00 LAK
03 August 20231 BMD = 19173.40 LAK
04 August 20231 BMD = 19050.00 LAK
07 August 20231 BMD = 19081.30 LAK
08 August 20231 BMD = 19184.30 LAK
09 August 20231 BMD = 19191.60 LAK
10 August 20231 BMD = 19209.40 LAK
11 August 20231 BMD = 19210.70 LAK
12 August 20231 BMD = 19374.00 LAK
14 August 20231 BMD = 19282.90 LAK
15 August 20231 BMD = 19100.00 LAK
16 August 20231 BMD = 19120.00 LAK
17 August 20231 BMD = 19170.00 LAK
18 August 20231 BMD = 19220.00 LAK
20 August 20231 BMD = 19200.70 LAK
21 August 20231 BMD = 19226.90 LAK
22 August 20231 BMD = 19300.00 LAK
23 August 20231 BMD = 19295.00 LAK
24 August 20231 BMD = 19295.00 LAK
25 August 20231 BMD = 19350.00 LAK
28 August 20231 BMD = 19393.30 LAK
29 August 20231 BMD = 19408.10 LAK
30 August 20231 BMD = 19390.10 LAK
31 August 20231 BMD = 19418.50 LAK

01/01/2021: Digitalization of the kip

The Bank of the Lao PDR introduced digital payment systems and promoted cashless transactions to modernize the use of the kip in the digital era.

01/01/2019: Switch to the Bermuda dollar symbol

Bermuda officially adopted a new currency symbol for the Bermudian dollar, replacing the British pound sign used previously.

16/03/2015: Redesign of banknotes

The Bermuda Monetary Authority unveiled a redesigned series of banknotes featuring enhanced security features and updated designs.

14/10/2013: Kip exchange rate liberalized

Laos liberalized its exchange rate regime, allowing the kip's value to be determined by market forces, leading to fluctuations in its value.

01/05/2012: Introduction of polymer banknotes

Bermuda introduced polymer banknotes to replace paper currency for better durability and security.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

01/01/1997: Incorporation into Federal Reserve System

The US Federal Reserve System incorporated the Bermuda Monetary Authority into its banking system.

06/01/1982: New notes and coins

Bermuda issued new notes and coins, featuring iconic local sights, to commemorate its 375th anniversary.

02/05/1980: Revaluation of the kip

The Lao government initiated a revaluation of the kip, resulting in the exchange rate of 1 new kip to 100 old kip.

02/12/1976: Kip becomes the sole legal tender

The Lao kip was declared as the sole legal tender in Laos, replacing the use of other currencies within the country.

25/02/1972: Introduction of decimal coins

Bermuda introduced a decimal currency system, replacing the old pounds, shillings, and pence.

06/07/1970: Currency Board Agreement

Bermuda established a Currency Board System, pegging the Bermudian dollar at par with the US dollar.

01/01/1952: Currency reform

Laos implemented a currency reform that replaced the French Indochinese piastre with the new kip, at an exchange rate of 100 new kip to 1 old piastre.

12/10/1945: Lao kip introduced

The Lao kip was first introduced as the official currency of Laos following the country's liberation from French colonial rule.
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