Historic Euro Lao kip

Euro lao kip history for January 2024. The highest quote for this month is 22558.9 (14/01/2024) and the lowest 22558.9 (14/01/2024). The difference between high and low is 0.

EUR LAK average rate for January 2024 is 22422.89231, the change between 01/01/2024 and 31/01/2024 is +0.36 %.

01 January 20241 EUR = 22498.70 LAK
02 January 20241 EUR = 22484.20 LAK
03 January 20241 EUR = 22430.60 LAK
04 January 20241 EUR = 22401.90 LAK
05 January 20241 EUR = 22540.70 LAK
07 January 20241 EUR = 22536.10 LAK
08 January 20241 EUR = 22233.40 LAK
09 January 20241 EUR = 22538.60 LAK
10 January 20241 EUR = 22273.70 LAK
11 January 20241 EUR = 22586.80 LAK
12 January 20241 EUR = 22594.70 LAK
14 January 20241 EUR = 22558.90 LAK
15 January 20241 EUR = 22296.70 LAK
16 January 20241 EUR = 22316.00 LAK
17 January 20241 EUR = 22226.70 LAK
18 January 20241 EUR = 22468.20 LAK
19 January 20241 EUR = 22454.60 LAK
22 January 20241 EUR = 22256.80 LAK
23 January 20241 EUR = 22451.30 LAK
24 January 20241 EUR = 22421.50 LAK
25 January 20241 EUR = 22492.60 LAK
26 January 20241 EUR = 22415.40 LAK
28 January 20241 EUR = 22461.50 LAK
29 January 20241 EUR = 22242.00 LAK
30 January 20241 EUR = 22394.90 LAK
31 January 20241 EUR = 22418.70 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.

13/07/2015: Greek debt bailout agreement

A third bailout deal was reached between Greece and its creditors, avoiding a potential Greek exit from the Eurozone.

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.

02/05/2010: Greek debt crisis

Greece's financial crisis threatened the stability of the Eurozone, requiring massive bailout packages to prevent a default.

15/10/2008: Global financial crisis

The Euro faced significant economic challenges following the collapse of Lehman Brothers, leading to a recession in many Eurozone countries.

01/05/2004: Eurozone expansion

10 more countries joined the Eurozone, bringing the total number of participating countries to 24.

01/01/2002: Euro banknotes and coins

Physical banknotes and coins in Euro were introduced, replacing national currencies in 12 European countries.

01/01/1999: Introduction of the Euro

The Euro was officially introduced as an electronic currency for banking and financial transactions.

02/07/1997: Lao kip devalued

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

07/02/1992: The Maastricht Treaty

The treaty was signed, which officially established the European Union and laid the groundwork for the creation of the Euro.

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.
EUR LAK July 2023
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