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

Kenyan shilling lao kip history for October 2023. The highest quote for this month is 138.66 (19/10/2023) and the lowest 140.86 (06/10/2023). The difference between high and low is -1.59.

KES LAK average rate for October 2023 is 138.08071, the change between 01/10/2023 and 31/10/2023 is -1.1 %.

01 October 2023	1 KES = 136.9 LAK
02 October 2023	1 KES = 137.2 LAK
03 October 2023	1 KES = 137.8 LAK
04 October 2023	1 KES = 138.1 LAK
05 October 2023	1 KES = 138.4 LAK
06 October 2023	1 KES = 140.9 LAK
07 October 2023	1 KES = 137.6 LAK
09 October 2023	1 KES = 136.5 LAK
10 October 2023	1 KES = 137.0 LAK
11 October 2023	1 KES = 137.4 LAK
12 October 2023	1 KES = 138.4 LAK
13 October 2023	1 KES = 138.0 LAK
16 October 2023	1 KES = 137.8 LAK
17 October 2023	1 KES = 138.9 LAK
18 October 2023	1 KES = 138.8 LAK
19 October 2023	1 KES = 137.1 LAK
20 October 2023	1 KES = 138.8 LAK
21 October 2023	1 KES = 138.0 LAK
22 October 2023	1 KES = 138.0 LAK
23 October 2023	1 KES = 137.3 LAK
24 October 2023	1 KES = 138.8 LAK
25 October 2023	1 KES = 138.4 LAK
26 October 2023	1 KES = 138.3 LAK
27 October 2023	1 KES = 138.3 LAK
28 October 2023	1 KES = 137.7 LAK
29 October 2023	1 KES = 137.7 LAK
30 October 2023	1 KES = 139.9 LAK
31 October 2023	1 KES = 138.4 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