Historic Guatemalan quetzal Lao kip

Guatemalan quetzal lao kip history for January 2024. The highest quote for this month is 2711.03 (30/01/2024) and the lowest 2691.4 (31/01/2024). The difference between high and low is 0.72.

GTQ LAK average rate for January 2024 is 2680.4763, the change between 01/01/2024 and 31/01/2024 is -2.03 %.

01 January 20241 GTQ = 2657.77 LAK
02 January 20241 GTQ = 2657.77 LAK
03 January 20241 GTQ = 2682.29 LAK
04 January 20241 GTQ = 2685.79 LAK
05 January 20241 GTQ = 2695.41 LAK
06 January 20241 GTQ = 2631.85 LAK
07 January 20241 GTQ = 2631.85 LAK
08 January 20241 GTQ = 2667.19 LAK
09 January 20241 GTQ = 2695.32 LAK
10 January 20241 GTQ = 2667.92 LAK
11 January 20241 GTQ = 2696.72 LAK
12 January 20241 GTQ = 2693.51 LAK
14 January 20241 GTQ = 2633.34 LAK
15 January 20241 GTQ = 2672.53 LAK
16 January 20241 GTQ = 2672.35 LAK
17 January 20241 GTQ = 2671.68 LAK
18 January 20241 GTQ = 2704.69 LAK
19 January 20241 GTQ = 2704.51 LAK
22 January 20241 GTQ = 2677.89 LAK
23 January 20241 GTQ = 2702.10 LAK
24 January 20241 GTQ = 2706.00 LAK
25 January 20241 GTQ = 2707.25 LAK
26 January 20241 GTQ = 2704.81 LAK
28 January 20241 GTQ = 2648.24 LAK
29 January 20241 GTQ = 2683.65 LAK
30 January 20241 GTQ = 2708.76 LAK
31 January 20241 GTQ = 2711.67 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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GTQ LAK January 2024
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