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

Pound sterling lao kip history for November 2023. The highest quote for this month is 26162.5 (29/11/2023) and the lowest 26076.8 (26/11/2023). The difference between high and low is 0.33.

GBP LAK average rate for November 2023 is 25589.672, the change between 01/11/2023 and 30/11/2023 is -4.25 %.

01 November 2023	1 GBP = 25154.90 LAK
02 November 2023	1 GBP = 25219.60 LAK
03 November 2023	1 GBP = 24958.80 LAK
06 November 2023	1 GBP = 25149.90 LAK
07 November 2023	1 GBP = 25524.40 LAK
08 November 2023	1 GBP = 25407.20 LAK
09 November 2023	1 GBP = 25430.00 LAK
10 November 2023	1 GBP = 25301.50 LAK
12 November 2023	1 GBP = 25356.70 LAK
13 November 2023	1 GBP = 25003.10 LAK
14 November 2023	1 GBP = 25420.90 LAK
15 November 2023	1 GBP = 25869.90 LAK
16 November 2023	1 GBP = 25689.40 LAK
17 November 2023	1 GBP = 25674.10 LAK
19 November 2023	1 GBP = 25795.50 LAK
20 November 2023	1 GBP = 25415.50 LAK
21 November 2023	1 GBP = 25862.50 LAK
22 November 2023	1 GBP = 25916.40 LAK
23 November 2023	1 GBP = 25541.80 LAK
24 November 2023	1 GBP = 25706.70 LAK
26 November 2023	1 GBP = 26065.60 LAK
27 November 2023	1 GBP = 25705.80 LAK
28 November 2023	1 GBP = 26090.00 LAK
29 November 2023	1 GBP = 26257.20 LAK
30 November 2023	1 GBP = 26224.40 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