Historic Kuwaiti Dinar Lao kip

Kuwaiti Dinar lao kip history for February 2024. The highest quote for this month is 67746.3 (24/02/2024) and the lowest 67746.3 (24/02/2024). The difference between high and low is 0.

KWD LAK average rate for February 2024 is 67491.51852, the change between 01/02/2024 and 29/02/2024 is +0.43 %.

01 February 20241 KWD = 67340.90 LAK
02 February 20241 KWD = 67487.50 LAK
03 February 20241 KWD = 67493.50 LAK
04 February 20241 KWD = 67493.50 LAK
05 February 20241 KWD = 67484.30 LAK
06 February 20241 KWD = 67022.70 LAK
07 February 20241 KWD = 67600.50 LAK
08 February 20241 KWD = 67634.00 LAK
09 February 20241 KWD = 67579.40 LAK
12 February 20241 KWD = 66937.20 LAK
13 February 20241 KWD = 67631.80 LAK
14 February 20241 KWD = 67600.50 LAK
15 February 20241 KWD = 67622.00 LAK
16 February 20241 KWD = 67716.10 LAK
17 February 20241 KWD = 67603.90 LAK
18 February 20241 KWD = 67603.90 LAK
19 February 20241 KWD = 67074.90 LAK
20 February 20241 KWD = 67061.70 LAK
21 February 20241 KWD = 67690.70 LAK
22 February 20241 KWD = 67736.50 LAK
23 February 20241 KWD = 67739.50 LAK
24 February 20241 KWD = 67746.30 LAK
25 February 20241 KWD = 67746.30 LAK
26 February 20241 KWD = 67102.10 LAK
27 February 20241 KWD = 67727.80 LAK
28 February 20241 KWD = 67743.10 LAK
29 February 20241 KWD = 67050.40 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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