Historic Egyptian Pound Lao kip

Egyptian Pound lao kip history for February 2024. The highest quote for this month is 675.27 (24/02/2024) and the lowest 675.27 (24/02/2024). The difference between high and low is 0.

EGP LAK average rate for February 2024 is 672.03407, the change between 01/02/2024 and 29/02/2024 is +0.5 %.

01 February 20241 EGP = 669.7 LAK
02 February 20241 EGP = 671.3 LAK
03 February 20241 EGP = 672.1 LAK
04 February 20241 EGP = 672.1 LAK
05 February 20241 EGP = 667.3 LAK
06 February 20241 EGP = 667.2 LAK
07 February 20241 EGP = 672.9 LAK
08 February 20241 EGP = 673.6 LAK
09 February 20241 EGP = 673.2 LAK
12 February 20241 EGP = 670.6 LAK
13 February 20241 EGP = 673.5 LAK
14 February 20241 EGP = 673.6 LAK
15 February 20241 EGP = 674.1 LAK
16 February 20241 EGP = 674.4 LAK
17 February 20241 EGP = 674.9 LAK
18 February 20241 EGP = 674.9 LAK
19 February 20241 EGP = 670.9 LAK
20 February 20241 EGP = 667.9 LAK
21 February 20241 EGP = 672.9 LAK
22 February 20241 EGP = 673.9 LAK
23 February 20241 EGP = 674.1 LAK
24 February 20241 EGP = 675.3 LAK
25 February 20241 EGP = 673.1 LAK
26 February 20241 EGP = 667.8 LAK
27 February 20241 EGP = 673.1 LAK
28 February 20241 EGP = 674.1 LAK
29 February 20241 EGP = 666.4 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.
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