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

Cambodian Riel lao kip history for December 2023. The highest quote for this month is 5.1052 (13/12/2023) and the lowest 5.1052 (12/12/2023). The difference between high and low is 0.

KHR LAK average rate for December 2023 is 5.04487, the change between 01/12/2023 and 31/12/2023 is -0.26 %.

01 December 2023	1 KHR = 5.08 LAK
02 December 2023	1 KHR = 5.04 LAK
03 December 2023	1 KHR = 5.04 LAK
04 December 2023	1 KHR = 5.09 LAK
05 December 2023	1 KHR = 5.04 LAK
06 December 2023	1 KHR = 5.04 LAK
07 December 2023	1 KHR = 5.10 LAK
08 December 2023	1 KHR = 5.04 LAK
10 December 2023	1 KHR = 5.05 LAK
11 December 2023	1 KHR = 5.09 LAK
12 December 2023	1 KHR = 5.05 LAK
13 December 2023	1 KHR = 5.11 LAK
14 December 2023	1 KHR = 5.04 LAK
15 December 2023	1 KHR = 5.02 LAK
16 December 2023	1 KHR = 5.01 LAK
17 December 2023	1 KHR = 5.01 LAK
18 December 2023	1 KHR = 5.06 LAK
19 December 2023	1 KHR = 4.971 LAK
20 December 2023	1 KHR = 4.988 LAK
21 December 2023	1 KHR = 5.01 LAK
22 December 2023	1 KHR = 5.03 LAK
23 December 2023	1 KHR = 5.02 LAK
24 December 2023	1 KHR = 5.02 LAK
25 December 2023	1 KHR = 5.07 LAK
26 December 2023	1 KHR = 5.07 LAK
27 December 2023	1 KHR = 5.02 LAK
28 December 2023	1 KHR = 5.04 LAK
29 December 2023	1 KHR = 5.10 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