Historic Brunei dollar Lao kip

Brunei dollar lao kip history for November 2023. The highest quote for this month is 15779.5 (29/11/2023) and the lowest 15598.2 (30/11/2023). The difference between high and low is 1.15.

BND LAK average rate for November 2023 is 15514.70385, the change between 01/11/2023 and 30/11/2023 is -2.33 %.

01 November 20231 BND = 15420.70 LAK
02 November 20231 BND = 15371.20 LAK
03 November 20231 BND = 15297.80 LAK
06 November 20231 BND = 15320.20 LAK
07 November 20231 BND = 15594.40 LAK
08 November 20231 BND = 15521.30 LAK
09 November 20231 BND = 15517.40 LAK
10 November 20231 BND = 15513.10 LAK
12 November 20231 BND = 15253.00 LAK
13 November 20231 BND = 15349.60 LAK
14 November 20231 BND = 15476.10 LAK
15 November 20231 BND = 15483.00 LAK
16 November 20231 BND = 15602.60 LAK
17 November 20231 BND = 15587.20 LAK
18 November 20231 BND = 15416.80 LAK
19 November 20231 BND = 15407.60 LAK
20 November 20231 BND = 15520.60 LAK
21 November 20231 BND = 15706.50 LAK
22 November 20231 BND = 15727.50 LAK
23 November 20231 BND = 15531.30 LAK
24 November 20231 BND = 15561.20 LAK
26 November 20231 BND = 15450.70 LAK
27 November 20231 BND = 15529.00 LAK
28 November 20231 BND = 15709.40 LAK
29 November 20231 BND = 15734.60 LAK
30 November 20231 BND = 15779.50 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.
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