Historic Jamaican Dollar Lao kip

Jamaican Dollar lao kip history for January 2024. The highest quote for this month is 134.72 (08/01/2024) and the lowest 134.59 (06/01/2024). The difference between high and low is 0.1.

JMD LAK average rate for January 2024 is 133.84593, the change between 01/01/2024 and 31/01/2024 is -1.29 %.

01 January 20241 JMD = 132.9 LAK
02 January 20241 JMD = 132.9 LAK
03 January 20241 JMD = 134.3 LAK
04 January 20241 JMD = 134.4 LAK
05 January 20241 JMD = 134.8 LAK
06 January 20241 JMD = 134.0 LAK
07 January 20241 JMD = 134.0 LAK
08 January 20241 JMD = 133.3 LAK
09 January 20241 JMD = 134.8 LAK
10 January 20241 JMD = 133.4 LAK
11 January 20241 JMD = 134.4 LAK
12 January 20241 JMD = 134.2 LAK
14 January 20241 JMD = 133.1 LAK
15 January 20241 JMD = 132.7 LAK
16 January 20241 JMD = 132.7 LAK
17 January 20241 JMD = 132.7 LAK
18 January 20241 JMD = 134.6 LAK
19 January 20241 JMD = 134.5 LAK
22 January 20241 JMD = 132.9 LAK
23 January 20241 JMD = 134.5 LAK
24 January 20241 JMD = 134.3 LAK
25 January 20241 JMD = 134.2 LAK
26 January 20241 JMD = 134.1 LAK
28 January 20241 JMD = 134.4 LAK
29 January 20241 JMD = 133.0 LAK
30 January 20241 JMD = 134.4 LAK
31 January 20241 JMD = 134.6 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.

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

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.

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

02/07/1997: Lao kip devalued

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

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the 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.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

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.

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.
JMD LAK January 2024
JMD LAK February 2024
JMD LAK March 2024
JMD LAK April 2024
JMD LAK May 2024
JMD LAK June 2024
JMD LAK July 2024
JMD LAK August 2024
JMD LAK September 2024
JMD LAK October 2024
JMD LAK November 2024
JMD LAK December 2024
JMD LAK January 2025