Historic Guatemalan quetzal Lao kip

Guatemalan quetzal lao kip history for November 2023. The highest quote for this month is 2711.16 (14/11/2023) and the lowest 2690.15 (13/11/2023). The difference between high and low is 0.77.

GTQ LAK average rate for November 2023 is 2689.13308, the change between 01/11/2023 and 30/11/2023 is +0.09 %.

01 November 20231 GTQ = 2705.66 LAK
02 November 20231 GTQ = 2707.49 LAK
03 November 20231 GTQ = 2681.54 LAK
06 November 20231 GTQ = 2678.16 LAK
07 November 20231 GTQ = 2701.02 LAK
08 November 20231 GTQ = 2707.29 LAK
09 November 20231 GTQ = 2706.85 LAK
10 November 20231 GTQ = 2711.50 LAK
12 November 20231 GTQ = 2650.05 LAK
13 November 20231 GTQ = 2686.70 LAK
14 November 20231 GTQ = 2706.23 LAK
15 November 20231 GTQ = 2711.82 LAK
16 November 20231 GTQ = 2705.08 LAK
17 November 20231 GTQ = 2703.79 LAK
18 November 20231 GTQ = 2643.80 LAK
19 November 20231 GTQ = 2643.80 LAK
20 November 20231 GTQ = 2682.11 LAK
21 November 20231 GTQ = 2702.88 LAK
22 November 20231 GTQ = 2703.09 LAK
23 November 20231 GTQ = 2676.55 LAK
24 November 20231 GTQ = 2680.89 LAK
26 November 20231 GTQ = 2642.52 LAK
27 November 20231 GTQ = 2675.13 LAK
28 November 20231 GTQ = 2698.26 LAK
29 November 20231 GTQ = 2702.15 LAK
30 November 20231 GTQ = 2703.10 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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