Historic Pound sterling Lao kip

Pound sterling lao kip history for February 2024. The highest quote for this month is 26399 (25/02/2024) and the lowest 26399 (25/02/2024). The difference between high and low is 0.

GBP LAK average rate for February 2024 is 26200.76087, the change between 01/02/2024 and 29/02/2024 is +0.5 %.

01 February 20241 GBP = 26212.70 LAK
02 February 20241 GBP = 26412.40 LAK
05 February 20241 GBP = 26158.30 LAK
06 February 20241 GBP = 25818.60 LAK
07 February 20241 GBP = 26190.10 LAK
08 February 20241 GBP = 26252.30 LAK
09 February 20241 GBP = 26225.50 LAK
12 February 20241 GBP = 26004.80 LAK
13 February 20241 GBP = 26252.70 LAK
14 February 20241 GBP = 26188.60 LAK
15 February 20241 GBP = 26154.70 LAK
16 February 20241 GBP = 26231.60 LAK
18 February 20241 GBP = 26237.70 LAK
19 February 20241 GBP = 26008.60 LAK
20 February 20241 GBP = 25954.20 LAK
21 February 20241 GBP = 26264.90 LAK
22 February 20241 GBP = 26299.80 LAK
23 February 20241 GBP = 26359.40 LAK
25 February 20241 GBP = 26399.00 LAK
26 February 20241 GBP = 26126.50 LAK
27 February 20241 GBP = 26394.00 LAK
28 February 20241 GBP = 26390.50 LAK
29 February 20241 GBP = 26080.60 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.
GBP LAK July 2023
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