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

Egyptian Pound lao kip history for October 2023. The highest quote for this month is 671.18 (28/10/2023) and the lowest 672.2 (22/10/2023). The difference between high and low is -0.15.

EGP LAK average rate for October 2023 is 664.16929, the change between 01/10/2023 and 31/10/2023 is -2.01 %.

01 October 2023	1 EGP = 657.4 LAK
02 October 2023	1 EGP = 651.5 LAK
03 October 2023	1 EGP = 657.3 LAK
04 October 2023	1 EGP = 658.8 LAK
05 October 2023	1 EGP = 663.9 LAK
06 October 2023	1 EGP = 656.5 LAK
07 October 2023	1 EGP = 665.2 LAK
09 October 2023	1 EGP = 656.3 LAK
10 October 2023	1 EGP = 656.3 LAK
11 October 2023	1 EGP = 662.3 LAK
12 October 2023	1 EGP = 662.8 LAK
13 October 2023	1 EGP = 663.5 LAK
16 October 2023	1 EGP = 662.7 LAK
17 October 2023	1 EGP = 667.6 LAK
18 October 2023	1 EGP = 667.9 LAK
19 October 2023	1 EGP = 661.0 LAK
20 October 2023	1 EGP = 669.3 LAK
21 October 2023	1 EGP = 670.0 LAK
22 October 2023	1 EGP = 670.0 LAK
23 October 2023	1 EGP = 661.8 LAK
24 October 2023	1 EGP = 670.2 LAK
25 October 2023	1 EGP = 668.4 LAK
26 October 2023	1 EGP = 669.1 LAK
27 October 2023	1 EGP = 668.9 LAK
28 October 2023	1 EGP = 671.2 LAK
29 October 2023	1 EGP = 671.2 LAK
30 October 2023	1 EGP = 665.1 LAK
31 October 2023	1 EGP = 670.6 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