Lao kip pound sterling exchange rate history (LAK GBP) November 2023

Lao kip pound sterling history for November 2023. The highest quote for this month is 0.00004 (01/11/2023) and the lowest 0.00004 (01/11/2023). The difference between high and low is 0.

LAK GBP average rate for November 2023 is 0.00004, the change between 01/11/2023 and 30/11/2023 is +5 %.

01 November 2023	1 LAK = 0.0000 GBP
02 November 2023	1 LAK = 0.0000 GBP
03 November 2023	1 LAK = 0.0000 GBP
06 November 2023	1 LAK = 0.0000 GBP
07 November 2023	1 LAK = 0.0000 GBP
08 November 2023	1 LAK = 0.0000 GBP
09 November 2023	1 LAK = 0.0000 GBP
10 November 2023	1 LAK = 0.0000 GBP
12 November 2023	1 LAK = 0.0000 GBP
13 November 2023	1 LAK = 0.0000 GBP
14 November 2023	1 LAK = 0.0000 GBP
15 November 2023	1 LAK = 0.0000 GBP
16 November 2023	1 LAK = 0.0000 GBP
17 November 2023	1 LAK = 0.0000 GBP
19 November 2023	1 LAK = 0.0000 GBP
20 November 2023	1 LAK = 0.0000 GBP
21 November 2023	1 LAK = 0.0000 GBP
22 November 2023	1 LAK = 0.0000 GBP
23 November 2023	1 LAK = 0.0000 GBP
24 November 2023	1 LAK = 0.0000 GBP
26 November 2023	1 LAK = 0.0000 GBP
27 November 2023	1 LAK = 0.0000 GBP
28 November 2023	1 LAK = 0.0000 GBP
29 November 2023	1 LAK = 0.0000 GBP
30 November 2023	1 LAK = 0.0000 GBP

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.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

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.

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

02/07/1997: Lao kip devalued

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

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

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.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

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.

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.

Historic Lao kip Pound sterling