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

Guatemalan quetzal lao kip history for October 2023. The highest quote for this month is 2700.92 (30/10/2023) and the lowest 2678.58 (26/10/2023). The difference between high and low is 0.83.

GTQ LAK average rate for October 2023 is 2664.71185, the change between 01/10/2023 and 31/10/2023 is -4.91 %.

01 October 2023	1 GTQ = 2580.81 LAK
02 October 2023	1 GTQ = 2626.98 LAK
03 October 2023	1 GTQ = 2646.49 LAK
04 October 2023	1 GTQ = 2653.58 LAK
05 October 2023	1 GTQ = 2669.96 LAK
06 October 2023	1 GTQ = 2645.03 LAK
07 October 2023	1 GTQ = 2607.39 LAK
09 October 2023	1 GTQ = 2646.33 LAK
10 October 2023	1 GTQ = 2647.07 LAK
11 October 2023	1 GTQ = 2670.41 LAK
12 October 2023	1 GTQ = 2674.25 LAK
13 October 2023	1 GTQ = 2675.39 LAK
16 October 2023	1 GTQ = 2669.15 LAK
17 October 2023	1 GTQ = 2693.67 LAK
18 October 2023	1 GTQ = 2698.64 LAK
19 October 2023	1 GTQ = 2666.79 LAK
20 October 2023	1 GTQ = 2699.50 LAK
21 October 2023	1 GTQ = 2636.65 LAK
22 October 2023	1 GTQ = 2636.65 LAK
23 October 2023	1 GTQ = 2675.27 LAK
24 October 2023	1 GTQ = 2704.75 LAK
25 October 2023	1 GTQ = 2698.55 LAK
26 October 2023	1 GTQ = 2698.70 LAK
27 October 2023	1 GTQ = 2699.04 LAK
29 October 2023	1 GTQ = 2640.40 LAK
30 October 2023	1 GTQ = 2678.31 LAK
31 October 2023	1 GTQ = 2707.46 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