Historic Kuwaiti Dinar Lao kip

Kuwaiti Dinar lao kip history for January 2024. The highest quote for this month is 67287.3 (25/01/2024) and the lowest 67282.2 (28/01/2024). The difference between high and low is 0.01.

KWD LAK average rate for January 2024 is 66877.26296, the change between 01/01/2024 and 31/01/2024 is -1.46 %.

01 January 20241 KWD = 66334.40 LAK
02 January 20241 KWD = 66394.40 LAK
03 January 20241 KWD = 66779.60 LAK
04 January 20241 KWD = 66770.90 LAK
05 January 20241 KWD = 67053.10 LAK
06 January 20241 KWD = 66934.30 LAK
07 January 20241 KWD = 66934.30 LAK
08 January 20241 KWD = 66178.80 LAK
09 January 20241 KWD = 67057.70 LAK
10 January 20241 KWD = 66367.00 LAK
11 January 20241 KWD = 67033.60 LAK
12 January 20241 KWD = 67061.00 LAK
14 January 20241 KWD = 67037.80 LAK
15 January 20241 KWD = 66389.40 LAK
16 January 20241 KWD = 66444.70 LAK
17 January 20241 KWD = 66499.10 LAK
18 January 20241 KWD = 67139.40 LAK
19 January 20241 KWD = 67159.10 LAK
22 January 20241 KWD = 66487.40 LAK
23 January 20241 KWD = 67164.70 LAK
24 January 20241 KWD = 67220.10 LAK
25 January 20241 KWD = 67298.30 LAK
26 January 20241 KWD = 67273.30 LAK
28 January 20241 KWD = 67282.20 LAK
29 January 20241 KWD = 66787.40 LAK
30 January 20241 KWD = 67298.30 LAK
31 January 20241 KWD = 67305.80 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.
KWD LAK January 2024
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