Historic Fijian Dollar Lao kip

Fijian Dollar lao kip history for February 2024. The highest quote for this month is 9307.69 (12/02/2024) and the lowest 9296.01 (23/02/2024). The difference between high and low is 0.13.

FJD LAK average rate for February 2024 is 9257.6781, the change between 01/02/2024 and 29/02/2024 is +1.89 %.

01 February 20241 FJD = 9282.96 LAK
02 February 20241 FJD = 9322.00 LAK
05 February 20241 FJD = 9263.98 LAK
06 February 20241 FJD = 9189.01 LAK
07 February 20241 FJD = 9303.21 LAK
08 February 20241 FJD = 9309.93 LAK
09 February 20241 FJD = 9292.97 LAK
12 February 20241 FJD = 9226.90 LAK
13 February 20241 FJD = 9316.19 LAK
14 February 20241 FJD = 9262.15 LAK
15 February 20241 FJD = 9298.07 LAK
16 February 20241 FJD = 9323.36 LAK
19 February 20241 FJD = 9241.59 LAK
20 February 20241 FJD = 9150.49 LAK
21 February 20241 FJD = 9245.68 LAK
22 February 20241 FJD = 9248.07 LAK
23 February 20241 FJD = 9260.58 LAK
26 February 20241 FJD = 9275.40 LAK
27 February 20241 FJD = 9245.12 LAK
28 February 20241 FJD = 9246.01 LAK
29 February 20241 FJD = 9107.57 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.

10/10/2013: Plastic Banknotes Introduced

Polymer banknotes made of plastic were introduced to improve the durability and security of Fijian currency.

28/04/2009: Floating Exchange Rate

Fiji adopted a floating exchange rate regime, allowing the value of the Fijian Dollar to be determined by 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.

14/01/1985: Currency Devaluation

Fijian Dollar was devalued by 20% to combat economic instability caused by a trade deficit.

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.

15/01/1971: Fixed Exchange Rate

Fijian Dollar was pegged to the Australian Dollar at a fixed exchange rate of 1:1.

12/12/1969: Decimalization of Currency

Fiji switched from the pound system to decimal currency, introducing the Fijian Dollar divided into 100 cents.

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.

01/01/1875: Introduction of Fijian Currency

Fijian Coins and Banknotes were introduced as legal tender, replacing Spanish Dollars.

10/10/1873: Devaluation of Spanish Dollars

The Spanish Dollars were devalued by 20% in the British Colony of Fiji, leading to a change in currency.
FJD LAK December 2023
FJD LAK January 2024
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