Hungarian forint lao kip exchange rate history (HUF LAK) December 2023

Hungarian forint lao kip history for December 2023. The highest quote for this month is 59.476 (02/12/2023) and the lowest 59.701 (26/12/2023). The difference between high and low is -0.38.

HUF LAK average rate for December 2023 is 58.86214, the change between 01/12/2023 and 31/12/2023 is -1.13 %.

01 December 2023	1 HUF = 58.63 LAK
02 December 2023	1 HUF = 59.48 LAK
03 December 2023	1 HUF = 59.47 LAK
04 December 2023	1 HUF = 58.96 LAK
05 December 2023	1 HUF = 59.03 LAK
06 December 2023	1 HUF = 58.78 LAK
07 December 2023	1 HUF = 58.18 LAK
08 December 2023	1 HUF = 58.54 LAK
10 December 2023	1 HUF = 58.50 LAK
11 December 2023	1 HUF = 58.17 LAK
12 December 2023	1 HUF = 58.17 LAK
13 December 2023	1 HUF = 57.98 LAK
14 December 2023	1 HUF = 59.39 LAK
15 December 2023	1 HUF = 59.76 LAK
16 December 2023	1 HUF = 58.59 LAK
17 December 2023	1 HUF = 58.59 LAK
18 December 2023	1 HUF = 58.34 LAK
19 December 2023	1 HUF = 57.92 LAK
20 December 2023	1 HUF = 58.50 LAK
21 December 2023	1 HUF = 58.62 LAK
22 December 2023	1 HUF = 59.27 LAK
23 December 2023	1 HUF = 59.45 LAK
24 December 2023	1 HUF = 59.45 LAK
25 December 2023	1 HUF = 58.96 LAK
26 December 2023	1 HUF = 58.85 LAK
27 December 2023	1 HUF = 59.40 LAK
28 December 2023	1 HUF = 59.89 LAK
29 December 2023	1 HUF = 59.29 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.

14/10/2013: 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.

09/03/2012: Introduction of New Banknotes

Hungary introduced new banknotes with enhanced security features, aiming to combat counterfeiting and improve the forint's credibility.

23/10/2008: Global Financial Crisis

The global financial crisis had a significant impact on the Hungarian forint, resulting in a significant depreciation against major foreign currencies.

01/05/2004: Accession to the European Union

Hungary joined the European Union, bringing the forint closer to the eurozone and influencing its future trajectory as an EU currency.

28/02/2001: Currency Exchange Rate Stability

The Hungarian government adopted a policy of maintaining a stable exchange rate for the forint against the euro, contributing to the currency's stability.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

16/06/1989: Transition to a Market Economy

Hungary implemented economic reforms, including the transition from a planned economy to a market economy, with significant impacts on the forint's value and exchange rate.

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.

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.

20/08/1949: Forint becomes a planned economy currency

Hungary's currency, including the forint, became part of the planned socialist economy under the control of the Hungarian Workers' Party.

03/08/1946: Introduction of the Forint

The forint was introduced as the official currency of Hungary, replacing the previous pengő, which had been severely devalued during World War II.

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.

Historic Hungarian forint Lao kip