Canadian dollar lao kip exchange rate history (CAD LAK) January 2024

Canadian dollar lao kip history for January 2024. The highest quote for this month is 15408.6 (06/01/2024) and the lowest 15410.9 (07/01/2024). The difference between high and low is -0.01.

CAD LAK average rate for January 2024 is 15324.33704, the change between 01/01/2024 and 31/01/2024 is -0.36 %.

01 January 2024	1 CAD = 15371.10 LAK
02 January 2024	1 CAD = 15381.70 LAK
03 January 2024	1 CAD = 15388.10 LAK
04 January 2024	1 CAD = 15358.50 LAK
05 January 2024	1 CAD = 15417.40 LAK
06 January 2024	1 CAD = 15408.60 LAK
07 January 2024	1 CAD = 15408.60 LAK
08 January 2024	1 CAD = 15209.00 LAK
09 January 2024	1 CAD = 15416.90 LAK
10 January 2024	1 CAD = 15216.80 LAK
11 January 2024	1 CAD = 15382.90 LAK
12 January 2024	1 CAD = 15377.50 LAK
14 January 2024	1 CAD = 15361.80 LAK
15 January 2024	1 CAD = 15191.00 LAK
16 January 2024	1 CAD = 15174.30 LAK
17 January 2024	1 CAD = 15145.40 LAK
18 January 2024	1 CAD = 15285.70 LAK
19 January 2024	1 CAD = 15304.50 LAK
22 January 2024	1 CAD = 15213.10 LAK
23 January 2024	1 CAD = 15310.20 LAK
24 January 2024	1 CAD = 15346.30 LAK
25 January 2024	1 CAD = 15282.40 LAK
26 January 2024	1 CAD = 15332.70 LAK
28 January 2024	1 CAD = 15387.40 LAK
29 January 2024	1 CAD = 15245.80 LAK
30 January 2024	1 CAD = 15412.30 LAK
31 January 2024	1 CAD = 15427.10 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.

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