Historic Pound sterling Lao kip

Pound sterling lao kip history for January 2024. The highest quote for this month is 26269.6 (28/01/2024) and the lowest 26291 (28/01/2024). The difference between high and low is -0.08.

GBP LAK average rate for January 2024 is 26100.70385, the change between 01/01/2024 and 31/01/2024 is -1.32 %.

01 January 20241 GBP = 25905.60 LAK
02 January 20241 GBP = 25926.60 LAK
03 January 20241 GBP = 25877.30 LAK
04 January 20241 GBP = 25982.30 LAK
05 January 20241 GBP = 26116.50 LAK
07 January 20241 GBP = 26184.70 LAK
08 January 20241 GBP = 25841.10 LAK
09 January 20241 GBP = 26229.60 LAK
10 January 20241 GBP = 25901.40 LAK
11 January 20241 GBP = 26229.60 LAK
12 January 20241 GBP = 26290.20 LAK
14 January 20241 GBP = 26266.20 LAK
15 January 20241 GBP = 25944.70 LAK
16 January 20241 GBP = 25925.60 LAK
17 January 20241 GBP = 25822.10 LAK
18 January 20241 GBP = 26165.00 LAK
19 January 20241 GBP = 26233.20 LAK
22 January 20241 GBP = 25950.30 LAK
23 January 20241 GBP = 26220.80 LAK
24 January 20241 GBP = 26208.90 LAK
25 January 20241 GBP = 26289.70 LAK
26 January 20241 GBP = 26261.60 LAK
28 January 20241 GBP = 26274.00 LAK
29 January 20241 GBP = 26045.00 LAK
30 January 20241 GBP = 26278.30 LAK
31 January 20241 GBP = 26248.00 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.

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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