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

Costa Rican colón lao kip history for November 2023. The highest quote for this month is 40.019 (14/11/2023) and the lowest 39.698 (15/11/2023). The difference between high and low is 0.8.

CRC LAK average rate for November 2023 is 39.68238, the change between 01/11/2023 and 30/11/2023 is +0.05 %.

01 November 2023	1 CRC = 39.98 LAK
02 November 2023	1 CRC = 40.01 LAK
03 November 2023	1 CRC = 39.61 LAK
06 November 2023	1 CRC = 39.59 LAK
07 November 2023	1 CRC = 39.79 LAK
08 November 2023	1 CRC = 39.71 LAK
09 November 2023	1 CRC = 39.75 LAK
10 November 2023	1 CRC = 39.99 LAK
12 November 2023	1 CRC = 39.11 LAK
13 November 2023	1 CRC = 39.63 LAK
14 November 2023	1 CRC = 39.94 LAK
15 November 2023	1 CRC = 40.04 LAK
16 November 2023	1 CRC = 39.94 LAK
17 November 2023	1 CRC = 39.94 LAK
18 November 2023	1 CRC = 38.98 LAK
19 November 2023	1 CRC = 38.98 LAK
20 November 2023	1 CRC = 39.54 LAK
21 November 2023	1 CRC = 39.88 LAK
22 November 2023	1 CRC = 39.91 LAK
23 November 2023	1 CRC = 39.51 LAK
24 November 2023	1 CRC = 39.57 LAK
26 November 2023	1 CRC = 39.03 LAK
27 November 2023	1 CRC = 39.51 LAK
28 November 2023	1 CRC = 39.88 LAK
29 November 2023	1 CRC = 39.98 LAK
30 November 2023	1 CRC = 39.96 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