Guatemalan quetzal lao kip exchange rate history (GTQ LAK) December 2023

Guatemalan quetzal lao kip history for December 2023. The highest quote for this month is 2708.14 (14/12/2023) and the lowest 2689.5 (26/12/2023). The difference between high and low is 0.69.

GTQ LAK average rate for December 2023 is 2672.83607, the change between 01/12/2023 and 31/12/2023 is +0.29 %.

01 December 2023	1 GTQ = 2676.27 LAK
02 December 2023	1 GTQ = 2642.78 LAK
03 December 2023	1 GTQ = 2642.78 LAK
04 December 2023	1 GTQ = 2676.72 LAK
05 December 2023	1 GTQ = 2701.43 LAK
06 December 2023	1 GTQ = 2703.94 LAK
07 December 2023	1 GTQ = 2682.84 LAK
08 December 2023	1 GTQ = 2704.08 LAK
10 December 2023	1 GTQ = 2647.15 LAK
11 December 2023	1 GTQ = 2681.55 LAK
12 December 2023	1 GTQ = 2706.32 LAK
13 December 2023	1 GTQ = 2682.83 LAK
14 December 2023	1 GTQ = 2705.22 LAK
15 December 2023	1 GTQ = 2700.93 LAK
16 December 2023	1 GTQ = 2627.72 LAK
17 December 2023	1 GTQ = 2627.72 LAK
18 December 2023	1 GTQ = 2663.36 LAK
19 December 2023	1 GTQ = 2668.85 LAK
20 December 2023	1 GTQ = 2683.12 LAK
21 December 2023	1 GTQ = 2690.81 LAK
22 December 2023	1 GTQ = 2697.30 LAK
23 December 2023	1 GTQ = 2628.05 LAK
24 December 2023	1 GTQ = 2626.53 LAK
25 December 2023	1 GTQ = 2662.31 LAK
26 December 2023	1 GTQ = 2664.10 LAK
27 December 2023	1 GTQ = 2682.31 LAK
28 December 2023	1 GTQ = 2693.82 LAK
29 December 2023	1 GTQ = 2668.57 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.

14/09/2020: 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.

Historic Guatemalan quetzal Lao kip