Historic Salvadoran Colón Lao kip

Salvadoran Colón lao kip history for September 2023. The highest quote for this month is 2364.31 (29/09/2023) and the lowest 2364.62 (29/09/2023). The difference between high and low is -0.01.

SVC LAK average rate for September 2023 is 2316.5987, the change between 01/09/2023 and 30/09/2023 is -1.82 %.

01 September 20231 SVC = 2276.39 LAK
04 September 20231 SVC = 2280.83 LAK
05 September 20231 SVC = 2285.54 LAK
06 September 20231 SVC = 2285.68 LAK
07 September 20231 SVC = 2305.13 LAK
08 September 20231 SVC = 2305.51 LAK
11 September 20231 SVC = 2298.59 LAK
12 September 20231 SVC = 2314.16 LAK
13 September 20231 SVC = 2313.69 LAK
14 September 20231 SVC = 2313.43 LAK
15 September 20231 SVC = 2319.52 LAK
18 September 20231 SVC = 2318.14 LAK
19 September 20231 SVC = 2331.21 LAK
20 September 20231 SVC = 2333.96 LAK
21 September 20231 SVC = 2334.01 LAK
22 September 20231 SVC = 2342.36 LAK
23 September 20231 SVC = 2288.57 LAK
24 September 20231 SVC = 2288.57 LAK
25 September 20231 SVC = 2333.44 LAK
27 September 20231 SVC = 2356.04 LAK
28 September 20231 SVC = 2363.52 LAK
29 September 20231 SVC = 2375.77 LAK
30 September 20231 SVC = 2317.71 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.

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.

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.

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.

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.
SVC LAK August 2023
SVC LAK September 2023
SVC LAK October 2023
SVC LAK November 2023
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SVC LAK August 2024