Historic Bermudian dollar Lao kip

Bermudian dollar lao kip history for November 2023. The highest quote for this month is 20738 (12/11/2023) and the lowest 20738 (12/11/2023). The difference between high and low is 0.

BMD LAK average rate for November 2023 is 20617.21154, the change between 01/11/2023 and 30/11/2023 is +0.22 %.

01 November 20231 BMD = 20700.00 LAK
02 November 20231 BMD = 20702.00 LAK
03 November 20231 BMD = 20471.70 LAK
06 November 20231 BMD = 20325.10 LAK
07 November 20231 BMD = 20675.00 LAK
08 November 20231 BMD = 20670.00 LAK
09 November 20231 BMD = 20700.00 LAK
10 November 20231 BMD = 20710.00 LAK
12 November 20231 BMD = 20738.00 LAK
13 November 20231 BMD = 20447.00 LAK
14 November 20231 BMD = 20700.00 LAK
15 November 20231 BMD = 20705.00 LAK
16 November 20231 BMD = 20680.00 LAK
17 November 20231 BMD = 20680.00 LAK
18 November 20231 BMD = 20697.00 LAK
19 November 20231 BMD = 20697.00 LAK
20 November 20231 BMD = 20406.60 LAK
21 November 20231 BMD = 20675.00 LAK
22 November 20231 BMD = 20660.00 LAK
23 November 20231 BMD = 20449.80 LAK
24 November 20231 BMD = 20510.40 LAK
26 November 20231 BMD = 20687.00 LAK
27 November 20231 BMD = 20400.90 LAK
28 November 20231 BMD = 20650.00 LAK
29 November 20231 BMD = 20655.00 LAK
30 November 20231 BMD = 20655.00 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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