Historic Kuwaiti Dinar Lao kip

Kuwaiti Dinar lao kip history for December 2023. The highest quote for this month is 67174.8 (10/12/2023) and the lowest 67174.8 (10/12/2023). The difference between high and low is 0.

KWD LAK average rate for December 2023 is 66829.16296, the change between 01/12/2023 and 31/12/2023 is -0.71 %.

01 December 20231 KWD = 66338.90 LAK
02 December 20231 KWD = 67002.50 LAK
04 December 20231 KWD = 66473.90 LAK
05 December 20231 KWD = 67028.70 LAK
06 December 20231 KWD = 67029.90 LAK
07 December 20231 KWD = 66595.90 LAK
08 December 20231 KWD = 67197.40 LAK
10 December 20231 KWD = 67174.80 LAK
11 December 20231 KWD = 66674.00 LAK
12 December 20231 KWD = 67203.40 LAK
13 December 20231 KWD = 66615.90 LAK
14 December 20231 KWD = 67229.20 LAK
15 December 20231 KWD = 67157.40 LAK
16 December 20231 KWD = 66877.00 LAK
17 December 20231 KWD = 66877.00 LAK
18 December 20231 KWD = 66591.70 LAK
19 December 20231 KWD = 66363.90 LAK
20 December 20231 KWD = 66685.10 LAK
21 December 20231 KWD = 66918.50 LAK
22 December 20231 KWD = 67090.50 LAK
23 December 20231 KWD = 66807.50 LAK
24 December 20231 KWD = 66894.50 LAK
25 December 20231 KWD = 66372.00 LAK
26 December 20231 KWD = 66416.60 LAK
27 December 20231 KWD = 66791.40 LAK
28 December 20231 KWD = 67167.60 LAK
29 December 20231 KWD = 66812.20 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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

02/07/1997: Lao kip devalued

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

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

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.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

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.
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