Historic Djiboutian franc Lao kip

Djiboutian franc lao kip history for February 2024. The highest quote for this month is 119.04 (06/02/2024) and the lowest 118.74 (14/02/2024). The difference between high and low is 0.25.

DJF LAK average rate for February 2024 is 117.42333, the change between 01/02/2024 and 29/02/2024 is -2.01 %.

01 February 20241 DJF = 116.3 LAK
02 February 20241 DJF = 116.6 LAK
03 February 20241 DJF = 116.5 LAK
04 February 20241 DJF = 116.5 LAK
05 February 20241 DJF = 118.1 LAK
06 February 20241 DJF = 118.3 LAK
07 February 20241 DJF = 119.4 LAK
08 February 20241 DJF = 117.0 LAK
09 February 20241 DJF = 116.9 LAK
12 February 20241 DJF = 118.5 LAK
13 February 20241 DJF = 117.0 LAK
14 February 20241 DJF = 117.0 LAK
15 February 20241 DJF = 117.1 LAK
16 February 20241 DJF = 117.2 LAK
17 February 20241 DJF = 117.1 LAK
18 February 20241 DJF = 117.1 LAK
19 February 20241 DJF = 118.6 LAK
20 February 20241 DJF = 116.0 LAK
21 February 20241 DJF = 117.0 LAK
22 February 20241 DJF = 117.1 LAK
23 February 20241 DJF = 119.6 LAK
24 February 20241 DJF = 117.1 LAK
25 February 20241 DJF = 117.0 LAK
26 February 20241 DJF = 118.7 LAK
27 February 20241 DJF = 117.1 LAK
28 February 20241 DJF = 117.1 LAK
29 February 20241 DJF = 118.7 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.

04/06/2020: Exchange rate stabilization

Efforts were made to stabilize the exchange rate of the Djiboutian franc to reduce inflation and encourage economic growth.

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.

01/09/2013: Replacement of coins with bi-metallic coins

Coins of lower denominations of the Djiboutian franc were replaced with bi-metallic coins.

01/01/2002: Introduction of new banknotes

New banknotes of the Djiboutian franc were introduced with enhanced security features.

15/09/1997: Second devaluation

The Djiboutian franc was devalued by 33% as a result of economic instability and high inflation.

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.

08/05/1977: First devaluation

The Djiboutian franc was devalued by 50% due to economic difficulties faced by the newly independent country.

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.

27/06/1973: Independence from France

Djibouti gained independence from France and the Djiboutian franc became the national currency.

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.

01/01/1949: Introduction of the Djiboutian franc

The Djiboutian franc was introduced as the official currency of French Somaliland, replacing the French franc at a 1:1 exchange rate.

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.
DJF LAK January 2024
DJF LAK February 2024
DJF LAK March 2024
DJF LAK April 2024
DJF LAK May 2024
DJF LAK June 2024
DJF LAK July 2024
DJF LAK August 2024
DJF LAK September 2024
DJF LAK October 2024
DJF LAK November 2024
DJF LAK December 2024
DJF LAK January 2025