Cambodian Riel lao kip exchange rate history (KHR LAK) August 2023

Cambodian Riel lao kip history for August 2023. The highest quote for this month is 4.7791 (28/08/2023) and the lowest 4.7806 (29/08/2023). The difference between high and low is -0.03.

KHR LAK average rate for August 2023 is 4.70057, the change between 01/08/2023 and 31/08/2023 is -3.4 %.

01 August 2023	1 KHR = 4.618 LAK
02 August 2023	1 KHR = 4.611 LAK
03 August 2023	1 KHR = 4.739 LAK
04 August 2023	1 KHR = 4.616 LAK
07 August 2023	1 KHR = 4.749 LAK
08 August 2023	1 KHR = 4.760 LAK
09 August 2023	1 KHR = 4.749 LAK
10 August 2023	1 KHR = 4.751 LAK
11 August 2023	1 KHR = 4.751 LAK
12 August 2023	1 KHR = 4.698 LAK
14 August 2023	1 KHR = 4.750 LAK
15 August 2023	1 KHR = 4.631 LAK
16 August 2023	1 KHR = 4.637 LAK
17 August 2023	1 KHR = 4.646 LAK
18 August 2023	1 KHR = 4.659 LAK
19 August 2023	1 KHR = 4.648 LAK
20 August 2023	1 KHR = 4.648 LAK
21 August 2023	1 KHR = 4.767 LAK
22 August 2023	1 KHR = 4.669 LAK
23 August 2023	1 KHR = 4.666 LAK
24 August 2023	1 KHR = 4.666 LAK
25 August 2023	1 KHR = 4.680 LAK
28 August 2023	1 KHR = 4.774 LAK
29 August 2023	1 KHR = 4.780 LAK
30 August 2023	1 KHR = 4.778 LAK
31 August 2023	1 KHR = 4.775 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.

22/04/2020: COVID-19 Impact

The COVID-19 pandemic caused disruptions in the Cambodian economy, leading to a decline in the value of the Riel.

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.

04/01/2001: Riel Redenomination

The Cambodian government redenominated the Riel by removing four zeros, making it easier for transactions.

02/07/1997: Lao kip devalued

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

20/03/1995: Dollarization

Cambodia officially adopted a dual currency system, allowing the use of both Riel and the United States Dollar.

20/03/1994: Currency Stabilization

Cambodia implemented a new currency stabilization plan to control hyperinflation and stabilize the Riel.

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.

07/01/1979: Liberation of Cambodia

Vietnamese forces liberated Cambodia from the Khmer Rouge, leading to the reestablishment of the Riel.

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.

17/04/1975: Khmer Rouge Regime

The Khmer Rouge regime took control of Cambodia, resulting in the abolition of currency and economic collapse.

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.

11/07/1951: Introduction of the Riel

The Riel was established as the official currency of Cambodia, replacing the French Indochinese 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 Cambodian Riel Lao kip