Kenyan shilling lao kip exchange rate history (KES LAK) December 2023

Kenyan shilling lao kip history for December 2023. The highest quote for this month is 135.71 (04/12/2023) and the lowest 135.52 (06/12/2023). The difference between high and low is 0.14.

KES LAK average rate for December 2023 is 133.92893, the change between 01/12/2023 and 31/12/2023 is +2.18 %.

01 December 2023	1 KES = 134.3 LAK
02 December 2023	1 KES = 135.1 LAK
03 December 2023	1 KES = 135.1 LAK
04 December 2023	1 KES = 135.7 LAK
05 December 2023	1 KES = 135.8 LAK
06 December 2023	1 KES = 135.7 LAK
07 December 2023	1 KES = 134.7 LAK
08 December 2023	1 KES = 134.9 LAK
10 December 2023	1 KES = 135.1 LAK
11 December 2023	1 KES = 133.7 LAK
12 December 2023	1 KES = 135.8 LAK
13 December 2023	1 KES = 134.5 LAK
14 December 2023	1 KES = 135.7 LAK
15 December 2023	1 KES = 135.2 LAK
16 December 2023	1 KES = 134.0 LAK
17 December 2023	1 KES = 134.0 LAK
18 December 2023	1 KES = 132.7 LAK
19 December 2023	1 KES = 133.1 LAK
20 December 2023	1 KES = 133.4 LAK
21 December 2023	1 KES = 133.4 LAK
22 December 2023	1 KES = 133.0 LAK
23 December 2023	1 KES = 132.2 LAK
24 December 2023	1 KES = 132.2 LAK
25 December 2023	1 KES = 132.6 LAK
26 December 2023	1 KES = 132.3 LAK
27 December 2023	1 KES = 132.4 LAK
28 December 2023	1 KES = 132.0 LAK
29 December 2023	1 KES = 131.4 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.

01/10/2019: New Generation Banknotes

Kenya introduced a new series of banknotes with enhanced security features and design elements to fight illicit financial activities.

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.

01/07/2010: Introduction of New Currency Denominations

Kenya introduced new currency denominations, including the 1000 shilling note, to combat money laundering and illegal financial activities.

02/07/1997: Lao kip devalued

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

14/09/1994: Transition to New Currency

Kenya introduced a new design of banknotes and coins to counter counterfeiting and promote national identity.

01/07/1985: Second Devaluation of the Shilling

The Kenyan shilling was further devalued by 30% as part of economic reforms and structural adjustments.

14/09/1980: Devaluation of the Shilling

The Kenyan shilling was devalued by 30% as part of an austerity measure to address the country's economic challenges.

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.

14/06/1969: Decimalization of the Shilling

Kenya decimalized its currency, dividing the shilling into 100 cents for easier transactions and financial calculations.

14/06/1966: Introduction of the Kenyan Shilling

The Kenyan shilling was introduced as the official currency of Kenya replacing the East African shilling as a result of Kenya's independence from British colonial rule.

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.

Historic Kenyan shilling Lao kip