Historic Guatemalan quetzal Lao kip

Guatemalan quetzal lao kip history for February 2024. The highest quote for this month is 2731.71 (21/02/2024) and the lowest 2709.91 (22/02/2024). The difference between high and low is 0.8.

GTQ LAK average rate for February 2024 is 2706.04815, the change between 01/02/2024 and 29/02/2024 is +0.34 %.

01 February 20241 GTQ = 2717.92 LAK
02 February 20241 GTQ = 2715.39 LAK
03 February 20241 GTQ = 2653.78 LAK
04 February 20241 GTQ = 2653.78 LAK
05 February 20241 GTQ = 2691.92 LAK
06 February 20241 GTQ = 2697.55 LAK
07 February 20241 GTQ = 2723.12 LAK
08 February 20241 GTQ = 2725.97 LAK
09 February 20241 GTQ = 2724.08 LAK
12 February 20241 GTQ = 2701.33 LAK
13 February 20241 GTQ = 2728.83 LAK
14 February 20241 GTQ = 2728.93 LAK
15 February 20241 GTQ = 2730.33 LAK
16 February 20241 GTQ = 2732.91 LAK
17 February 20241 GTQ = 2665.73 LAK
18 February 20241 GTQ = 2665.73 LAK
19 February 20241 GTQ = 2705.33 LAK
20 February 20241 GTQ = 2705.45 LAK
21 February 20241 GTQ = 2731.33 LAK
22 February 20241 GTQ = 2733.02 LAK
23 February 20241 GTQ = 2725.78 LAK
24 February 20241 GTQ = 2666.50 LAK
25 February 20241 GTQ = 2666.50 LAK
26 February 20241 GTQ = 2704.39 LAK
27 February 20241 GTQ = 2727.38 LAK
28 February 20241 GTQ = 2731.57 LAK
29 February 20241 GTQ = 2708.75 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
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