Historic Lao kip Cambodian Riel

Lao kip cambodian riel history for August 2023. The highest quote for this month is 0.21515 (19/08/2023) and the lowest 0.21515 (19/08/2023). The difference between high and low is 0.

LAK KHR average rate for August 2023 is 0.21277, the change between 01/08/2023 and 31/08/2023 is +3.29 %.

01 August 20231 LAK = 0.2166 KHR
02 August 20231 LAK = 0.2169 KHR
03 August 20231 LAK = 0.2110 KHR
04 August 20231 LAK = 0.2166 KHR
07 August 20231 LAK = 0.2106 KHR
08 August 20231 LAK = 0.2101 KHR
09 August 20231 LAK = 0.2106 KHR
10 August 20231 LAK = 0.2105 KHR
11 August 20231 LAK = 0.2105 KHR
12 August 20231 LAK = 0.2129 KHR
14 August 20231 LAK = 0.2105 KHR
15 August 20231 LAK = 0.2159 KHR
16 August 20231 LAK = 0.2156 KHR
17 August 20231 LAK = 0.2152 KHR
18 August 20231 LAK = 0.2146 KHR
19 August 20231 LAK = 0.2152 KHR
20 August 20231 LAK = 0.2152 KHR
21 August 20231 LAK = 0.2098 KHR
22 August 20231 LAK = 0.2142 KHR
23 August 20231 LAK = 0.2143 KHR
24 August 20231 LAK = 0.2143 KHR
25 August 20231 LAK = 0.2137 KHR
28 August 20231 LAK = 0.2095 KHR
29 August 20231 LAK = 0.2092 KHR
30 August 20231 LAK = 0.2093 KHR
31 August 20231 LAK = 0.2094 KHR

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.

22/04/2020: COVID-19 Impact

The COVID-19 pandemic caused disruptions in the Cambodian economy, leading to a decline in the value of the Riel.

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.

04/01/2001: Riel Redenomination

The Cambodian government redenominated the Riel by removing four zeros, making it easier for transactions.

02/07/1997: Lao kip devalued

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

20/03/1995: Dollarization

Cambodia officially adopted a dual currency system, allowing the use of both Riel and the United States Dollar.

20/03/1994: Currency Stabilization

Cambodia implemented a new currency stabilization plan to control hyperinflation and stabilize the Riel.

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.

07/01/1979: Liberation of Cambodia

Vietnamese forces liberated Cambodia from the Khmer Rouge, leading to the reestablishment of the Riel.

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.

17/04/1975: Khmer Rouge Regime

The Khmer Rouge regime took control of Cambodia, resulting in the abolition of currency and economic collapse.

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.

11/07/1951: Introduction of the Riel

The Riel was established as the official currency of Cambodia, replacing the French Indochinese 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.
LAK KHR August 2023
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