Euro lao kip exchange rate history (EUR LAK) October 2023

Euro lao kip history for October 2023. The highest quote for this month is 21892.6 (29/10/2023) and the lowest 21917.1 (22/10/2023). The difference between high and low is -0.11.

EUR LAK average rate for October 2023 is 21637.736, the change between 01/10/2023 and 31/10/2023 is -2.56 %.

01 October 2023	1 EUR = 21424.00 LAK
02 October 2023	1 EUR = 21338.10 LAK
03 October 2023	1 EUR = 21286.40 LAK
04 October 2023	1 EUR = 21311.10 LAK
05 October 2023	1 EUR = 21465.90 LAK
06 October 2023	1 EUR = 21307.60 LAK
09 October 2023	1 EUR = 21314.40 LAK
10 October 2023	1 EUR = 21432.00 LAK
11 October 2023	1 EUR = 21686.80 LAK
12 October 2023	1 EUR = 21753.20 LAK
13 October 2023	1 EUR = 21579.20 LAK
16 October 2023	1 EUR = 21500.50 LAK
17 October 2023	1 EUR = 21768.30 LAK
18 October 2023	1 EUR = 21801.60 LAK
19 October 2023	1 EUR = 21518.60 LAK
20 October 2023	1 EUR = 21871.70 LAK
22 October 2023	1 EUR = 21896.20 LAK
23 October 2023	1 EUR = 21637.30 LAK
24 October 2023	1 EUR = 22073.30 LAK
25 October 2023	1 EUR = 21879.40 LAK
26 October 2023	1 EUR = 21821.40 LAK
27 October 2023	1 EUR = 21815.60 LAK
29 October 2023	1 EUR = 21892.60 LAK
30 October 2023	1 EUR = 21595.10 LAK
31 October 2023	1 EUR = 21973.10 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.

Historic Euro Lao kip