Brunei dollar lao kip exchange rate history (BND LAK) June 2023

Brunei dollar lao kip history for June 2023. The highest quote for this month is 14241.2 (21/06/2023) and the lowest 14181.5 (28/06/2023). The difference between high and low is 0.42.

BND LAK average rate for June 2023 is 13787.125, the change between 01/06/2023 and 30/06/2023 is -5.23 %.

01 June 2023	1 BND = 13348.10 LAK
02 June 2023	1 BND = 13353.60 LAK
03 June 2023	1 BND = 13303.20 LAK
05 June 2023	1 BND = 13436.60 LAK
06 June 2023	1 BND = 13586.70 LAK
07 June 2023	1 BND = 13581.10 LAK
08 June 2023	1 BND = 13622.10 LAK
09 June 2023	1 BND = 13678.40 LAK
12 June 2023	1 BND = 13576.80 LAK
13 June 2023	1 BND = 13763.60 LAK
14 June 2023	1 BND = 13776.30 LAK
15 June 2023	1 BND = 13822.50 LAK
16 June 2023	1 BND = 13829.70 LAK
19 June 2023	1 BND = 13848.00 LAK
20 June 2023	1 BND = 13924.40 LAK
21 June 2023	1 BND = 14093.90 LAK
22 June 2023	1 BND = 14096.00 LAK
23 June 2023	1 BND = 14123.30 LAK
24 June 2023	1 BND = 13801.10 LAK
26 June 2023	1 BND = 14144.10 LAK
27 June 2023	1 BND = 14038.30 LAK
28 June 2023	1 BND = 14074.70 LAK
29 June 2023	1 BND = 14022.90 LAK
30 June 2023	1 BND = 14045.60 LAK

01/01/2022: Removal of monarchy symbol

Brunei currency no longer featured the portrait of the Sultan as part of efforts to modernize the banknotes.

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.

21/07/2017: Commencement of New Series Polymer Banknotes

New series of polymer banknotes with modern designs entered circulation.

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.

05/05/2013: Upgrade of polymer banknotes

Introduction of new polymer banknotes with enhanced security features.

01/07/2011: Introduction of Brunei-Indonesia Currency Agreement

Brunei dollar became interchangeable with Indonesian rupiah in specified regions.

02/07/1997: Lao kip devalued

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

18/03/1996: Change in currency regime

Brunei dollar became fully backed by foreign exchange reserves instead of gold.

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.

12/06/1973: Establishment of Brunei Currency Board

Currency Board assumed responsibility for the issuance and management of Brunei dollar.

27/07/1967: Introduction of Brunei and Singapore Currency Interchangeability Agreement

Brunei and Singapore dollars became interchangeable at par.

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.

Historic Brunei dollar Lao kip