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

Egyptian Pound lao kip history for September 2023. The highest quote for this month is 657.37 (30/09/2023) and the lowest 656.94 (30/09/2023). The difference between high and low is 0.07.

EGP LAK average rate for September 2023 is 641.88261, the change between 01/09/2023 and 30/09/2023 is -4.49 %.

01 September 2023	1 EGP = 629.1 LAK
04 September 2023	1 EGP = 632.8 LAK
05 September 2023	1 EGP = 631.5 LAK
06 September 2023	1 EGP = 631.6 LAK
07 September 2023	1 EGP = 636.3 LAK
08 September 2023	1 EGP = 636.6 LAK
11 September 2023	1 EGP = 635.1 LAK
12 September 2023	1 EGP = 637.7 LAK
13 September 2023	1 EGP = 639.0 LAK
14 September 2023	1 EGP = 639.1 LAK
15 September 2023	1 EGP = 639.6 LAK
18 September 2023	1 EGP = 638.7 LAK
19 September 2023	1 EGP = 643.7 LAK
20 September 2023	1 EGP = 644.5 LAK
21 September 2023	1 EGP = 645.0 LAK
22 September 2023	1 EGP = 647.2 LAK
23 September 2023	1 EGP = 649.1 LAK
24 September 2023	1 EGP = 647.6 LAK
25 September 2023	1 EGP = 642.8 LAK
27 September 2023	1 EGP = 649.8 LAK
28 September 2023	1 EGP = 653.3 LAK
29 September 2023	1 EGP = 655.8 LAK
30 September 2023	1 EGP = 657.4 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.

Historic Egyptian Pound Lao kip