Egyptian Pound lao kip exchange rate history (EGP LAK) August 2023

Egyptian Pound lao kip history for August 2023. The highest quote for this month is 629.01 (25/08/2023) and the lowest 630.71 (28/08/2023). The difference between high and low is -0.27.

EGP LAK average rate for August 2023 is 622.78462, the change between 01/08/2023 and 31/08/2023 is -2.08 %.

01 August 2023	1 EGP = 616.1 LAK
02 August 2023	1 EGP = 615.4 LAK
03 August 2023	1 EGP = 621.1 LAK
04 August 2023	1 EGP = 616.0 LAK
07 August 2023	1 EGP = 620.4 LAK
08 August 2023	1 EGP = 621.4 LAK
09 August 2023	1 EGP = 621.7 LAK
10 August 2023	1 EGP = 622.3 LAK
11 August 2023	1 EGP = 622.3 LAK
12 August 2023	1 EGP = 628.0 LAK
14 August 2023	1 EGP = 621.8 LAK
15 August 2023	1 EGP = 618.8 LAK
16 August 2023	1 EGP = 619.4 LAK
17 August 2023	1 EGP = 620.9 LAK
18 August 2023	1 EGP = 622.8 LAK
19 August 2023	1 EGP = 622.4 LAK
20 August 2023	1 EGP = 621.4 LAK
21 August 2023	1 EGP = 625.7 LAK
22 August 2023	1 EGP = 625.1 LAK
23 August 2023	1 EGP = 625.0 LAK
24 August 2023	1 EGP = 625.1 LAK
25 August 2023	1 EGP = 626.8 LAK
28 August 2023	1 EGP = 627.9 LAK
29 August 2023	1 EGP = 628.7 LAK
30 August 2023	1 EGP = 627.1 LAK
31 August 2023	1 EGP = 628.9 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.

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

02/07/1997: Lao kip devalued

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

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

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.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

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.

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.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.

Historic Egyptian Pound Lao kip