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

Brunei dollar lao kip history for October 2023. The highest quote for this month is 15363.5 (24/10/2023) and the lowest 15261.2 (30/10/2023). The difference between high and low is 0.67.

BND LAK average rate for October 2023 is 15179.35357, the change between 01/10/2023 and 31/10/2023 is -3.87 %.

01 October 2023	1 BND = 14852.80 LAK
02 October 2023	1 BND = 15056.00 LAK
03 October 2023	1 BND = 15056.50 LAK
04 October 2023	1 BND = 15056.50 LAK
05 October 2023	1 BND = 15162.90 LAK
06 October 2023	1 BND = 15042.70 LAK
07 October 2023	1 BND = 14988.60 LAK
09 October 2023	1 BND = 15087.50 LAK
10 October 2023	1 BND = 15066.50 LAK
11 October 2023	1 BND = 15230.10 LAK
12 October 2023	1 BND = 15279.40 LAK
13 October 2023	1 BND = 15295.50 LAK
16 October 2023	1 BND = 15174.50 LAK
17 October 2023	1 BND = 15315.90 LAK
18 October 2023	1 BND = 15340.90 LAK
19 October 2023	1 BND = 15166.60 LAK
20 October 2023	1 BND = 15313.40 LAK
21 October 2023	1 BND = 15061.20 LAK
22 October 2023	1 BND = 15065.60 LAK
23 October 2023	1 BND = 15176.20 LAK
24 October 2023	1 BND = 15340.70 LAK
25 October 2023	1 BND = 15363.50 LAK
26 October 2023	1 BND = 15336.70 LAK
27 October 2023	1 BND = 15318.30 LAK
28 October 2023	1 BND = 15113.90 LAK
29 October 2023	1 BND = 15113.90 LAK
30 October 2023	1 BND = 15217.40 LAK
31 October 2023	1 BND = 15428.20 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