Costa Rican colón lao kip exchange rate history (CRC LAK) December 2023

Costa Rican colón lao kip history for December 2023. The highest quote for this month is 40.483 (28/12/2023) and the lowest 40.419 (26/12/2023). The difference between high and low is 0.16.

CRC LAK average rate for December 2023 is 39.86096, the change between 01/12/2023 and 31/12/2023 is -1.82 %.

01 December 2023	1 CRC = 39.56 LAK
02 December 2023	1 CRC = 39.01 LAK
03 December 2023	1 CRC = 39.01 LAK
04 December 2023	1 CRC = 39.65 LAK
05 December 2023	1 CRC = 40.02 LAK
06 December 2023	1 CRC = 40.15 LAK
07 December 2023	1 CRC = 39.81 LAK
08 December 2023	1 CRC = 40.15 LAK
10 December 2023	1 CRC = 39.31 LAK
11 December 2023	1 CRC = 39.81 LAK
12 December 2023	1 CRC = 40.24 LAK
13 December 2023	1 CRC = 39.84 LAK
14 December 2023	1 CRC = 40.21 LAK
15 December 2023	1 CRC = 40.22 LAK
16 December 2023	1 CRC = 39.36 LAK
17 December 2023	1 CRC = 39.36 LAK
18 December 2023	1 CRC = 39.67 LAK
19 December 2023	1 CRC = 39.86 LAK
20 December 2023	1 CRC = 40.08 LAK
21 December 2023	1 CRC = 40.30 LAK
22 December 2023	1 CRC = 40.39 LAK
23 December 2023	1 CRC = 39.46 LAK
24 December 2023	1 CRC = 39.46 LAK
25 December 2023	1 CRC = 40.01 LAK
26 December 2023	1 CRC = 40.04 LAK
27 December 2023	1 CRC = 40.31 LAK
28 December 2023	1 CRC = 40.54 LAK
29 December 2023	1 CRC = 40.29 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.

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.

15/10/2006: New series of banknotes

Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón currency.

02/07/1997: Lao kip devalued

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

21/05/1991: Free-floating exchange rate

Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.

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.

09/11/1961: Introduction of the Monetary Reform

Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.

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.

30/11/1949: Abolition of the army

After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.

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.

14/12/1917: Establishment of the Central Bank of Costa Rica

The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.

09/04/1896: Adoption of the gold standard

Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.

18/03/1850: Introduction of the Costa Rican colón

The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.

Historic Costa Rican colón Lao kip