Pound sterling lao kip exchange rate history (GBP LAK) December 2023

Pound sterling lao kip history for December 2023. The highest quote for this month is 26290 (03/12/2023) and the lowest 26302.7 (03/12/2023). The difference between high and low is -0.05.

GBP LAK average rate for December 2023 is 26015.836, the change between 01/12/2023 and 31/12/2023 is -1.04 %.

01 December 2023	1 GBP = 25836.30 LAK
03 December 2023	1 GBP = 26302.40 LAK
04 December 2023	1 GBP = 26048.20 LAK
05 December 2023	1 GBP = 26121.00 LAK
06 December 2023	1 GBP = 26032.70 LAK
07 December 2023	1 GBP = 25770.70 LAK
08 December 2023	1 GBP = 26035.20 LAK
10 December 2023	1 GBP = 25987.90 LAK
11 December 2023	1 GBP = 25770.20 LAK
12 December 2023	1 GBP = 25988.00 LAK
13 December 2023	1 GBP = 25774.60 LAK
14 December 2023	1 GBP = 26097.90 LAK
15 December 2023	1 GBP = 26334.60 LAK
17 December 2023	1 GBP = 26065.30 LAK
18 December 2023	1 GBP = 25916.20 LAK
19 December 2023	1 GBP = 25784.00 LAK
20 December 2023	1 GBP = 26070.20 LAK
21 December 2023	1 GBP = 25977.80 LAK
22 December 2023	1 GBP = 26105.70 LAK
24 December 2023	1 GBP = 26095.20 LAK
25 December 2023	1 GBP = 25808.20 LAK
26 December 2023	1 GBP = 25882.30 LAK
27 December 2023	1 GBP = 26122.50 LAK
28 December 2023	1 GBP = 26364.10 LAK
29 December 2023	1 GBP = 26104.70 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.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

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.

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

02/07/1997: Lao kip devalued

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

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

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.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

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.

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.

Historic Pound sterling Lao kip