Historic Djiboutian franc Lao kip

Djiboutian franc lao kip history for January 2024. The highest quote for this month is 116.36 (26/01/2024) and the lowest 117.94 (31/01/2024). The difference between high and low is -1.36.

DJF LAK average rate for January 2024 is 116.10667, the change between 01/01/2024 and 31/01/2024 is +0.35 %.

01 January 20241 DJF = 116.7 LAK
02 January 20241 DJF = 114.6 LAK
03 January 20241 DJF = 115.4 LAK
04 January 20241 DJF = 115.4 LAK
05 January 20241 DJF = 115.9 LAK
06 January 20241 DJF = 115.5 LAK
07 January 20241 DJF = 115.9 LAK
08 January 20241 DJF = 117.2 LAK
09 January 20241 DJF = 115.8 LAK
10 January 20241 DJF = 114.6 LAK
11 January 20241 DJF = 115.8 LAK
12 January 20241 DJF = 115.8 LAK
14 January 20241 DJF = 115.7 LAK
15 January 20241 DJF = 117.3 LAK
16 January 20241 DJF = 114.7 LAK
17 January 20241 DJF = 117.3 LAK
18 January 20241 DJF = 116.1 LAK
19 January 20241 DJF = 116.1 LAK
22 January 20241 DJF = 117.6 LAK
23 January 20241 DJF = 116.1 LAK
24 January 20241 DJF = 116.2 LAK
25 January 20241 DJF = 116.3 LAK
26 January 20241 DJF = 116.3 LAK
28 January 20241 DJF = 116.2 LAK
29 January 20241 DJF = 117.8 LAK
30 January 20241 DJF = 116.3 LAK
31 January 20241 DJF = 116.3 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
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DJF LAK January 2025