Historic Guatemalan quetzal Lao kip

Guatemalan quetzal lao kip history for August 2023. The highest quote for this month is 2531.01 (31/08/2023) and the lowest 2529.98 (29/08/2023). The difference between high and low is 0.04.

GTQ LAK average rate for August 2023 is 2498.89, the change between 01/08/2023 and 31/08/2023 is -2.1 %.

01 August 20231 GTQ = 2477.82 LAK
02 August 20231 GTQ = 2472.82 LAK
03 August 20231 GTQ = 2493.00 LAK
04 August 20231 GTQ = 2482.26 LAK
07 August 20231 GTQ = 2500.65 LAK
08 August 20231 GTQ = 2499.19 LAK
09 August 20231 GTQ = 2498.79 LAK
10 August 20231 GTQ = 2499.94 LAK
11 August 20231 GTQ = 2500.30 LAK
12 August 20231 GTQ = 2465.67 LAK
14 August 20231 GTQ = 2500.18 LAK
15 August 20231 GTQ = 2486.96 LAK
16 August 20231 GTQ = 2491.95 LAK
17 August 20231 GTQ = 2498.36 LAK
18 August 20231 GTQ = 2504.88 LAK
19 August 20231 GTQ = 2445.79 LAK
20 August 20231 GTQ = 2445.79 LAK
21 August 20231 GTQ = 2514.83 LAK
22 August 20231 GTQ = 2518.98 LAK
23 August 20231 GTQ = 2517.74 LAK
24 August 20231 GTQ = 2516.62 LAK
25 August 20231 GTQ = 2523.47 LAK
28 August 20231 GTQ = 2526.91 LAK
29 August 20231 GTQ = 2529.92 LAK
30 August 20231 GTQ = 2528.51 LAK
31 August 20231 GTQ = 2529.81 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.

14/09/2020: Centenary of the Quetzal

The Guatemalan Quetzal celebrated its centenary, marking 100 years as the national currency of Guatemala.

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.

30/05/2011: New banknotes

New banknotes were introduced to incorporate modern security features and commemorate the 20th anniversary of Quetzal's reintroduction.

02/07/1997: Lao kip devalued

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

09/02/1987: Quetzal devaluation

The Quetzal was devalued by 66% as part of an economic stabilization plan.

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.

13/09/1967: Decree Law 17-67

Decree Law 17-67 was enacted, establishing a fixed exchange rate between the Quetzal and the US dollar.

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.

08/04/1951: Monetary Reform

Guatemala underwent a monetary reform, with the introduction of the Quetzal as the sole currency.

25/06/1946: The Quetzalé bill

The Quetzalé bill, equivalent to 1,000 Quetzales, was introduced to combat hyperinflation.

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.

22/06/1925: Introduction of the Quetzal

The Guatemalan Quetzal was introduced as the official currency, replacing the Guatemalan peso.
GTQ LAK July 2023
GTQ LAK August 2023
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