Canadian dollar lao kip exchange rate history (CAD LAK) December 2023

Canadian dollar lao kip history for December 2023. The highest quote for this month is 15535.2 (27/12/2023) and the lowest 15589.7 (26/12/2023). The difference between high and low is -0.35.

CAD LAK average rate for December 2023 is 15319.17857, the change between 01/12/2023 and 31/12/2023 is -2.7 %.

01 December 2023	1 CAD = 15087.70 LAK
02 December 2023	1 CAD = 15326.80 LAK
03 December 2023	1 CAD = 15323.80 LAK
04 December 2023	1 CAD = 15189.90 LAK
05 December 2023	1 CAD = 15270.70 LAK
06 December 2023	1 CAD = 15208.60 LAK
07 December 2023	1 CAD = 15097.50 LAK
08 December 2023	1 CAD = 15207.40 LAK
10 December 2023	1 CAD = 15251.50 LAK
11 December 2023	1 CAD = 15114.20 LAK
12 December 2023	1 CAD = 15245.20 LAK
13 December 2023	1 CAD = 15092.90 LAK
14 December 2023	1 CAD = 15305.60 LAK
15 December 2023	1 CAD = 15380.00 LAK
16 December 2023	1 CAD = 15363.60 LAK
17 December 2023	1 CAD = 15386.60 LAK
18 December 2023	1 CAD = 15282.90 LAK
19 December 2023	1 CAD = 15211.20 LAK
20 December 2023	1 CAD = 15355.30 LAK
21 December 2023	1 CAD = 15383.80 LAK
22 December 2023	1 CAD = 15492.40 LAK
23 December 2023	1 CAD = 15483.70 LAK
24 December 2023	1 CAD = 15492.80 LAK
25 December 2023	1 CAD = 15356.90 LAK
26 December 2023	1 CAD = 15375.10 LAK
27 December 2023	1 CAD = 15554.90 LAK
28 December 2023	1 CAD = 15600.40 LAK
29 December 2023	1 CAD = 15495.60 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.

07/11/2013: Change in banknote design and security features

The Bank of Canada introduced new polymer banknotes with enhanced security features and redesigned motifs, replacing the paper-based notes in circulation since 1935.

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.

02/07/1997: Lao kip devalued

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

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.

15/08/1971: Canada switches to a floating exchange rate

Canada abandoned its fixed exchange rate system and adopted a floating exchange rate, allowing the value of the Canadian dollar to fluctuate in response to market forces.

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.

01/03/1950: Introduction of the Canadian dollar's decimalization

Canada adopted a decimal currency system, dividing the dollar into 100 cents, replacing the previous system based on pounds, shillings, and pence.

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.

01/01/1933: Currency depreciation during the Great Depression

The Canadian dollar experienced significant depreciation during the Great Depression due to economic uncertainty and a decrease in international trade.

02/01/1914: Introduction of the Canadian Dollar Act

The Canadian Dollar Act established the Canadian dollar as the sole currency of Canada and gave the government control over its issuance.

01/01/1858: Introduction of the Canadian dollar

The Canadian pound was replaced by the Canadian dollar as the official currency of Canada, helping to unify the currency across the country.

01/01/1841: Introduction of the Canadian pound

The first Canadian currency was the Canadian pound, which was introduced to replace British pounds in the Province of Canada.

Historic Canadian dollar Lao kip