Lao kip djiboutian franc exchange rate history (LAK DJF) December 2023

Lao kip djiboutian franc history for December 2023. The highest quote for this month is 0.008735 (22/12/2023) and the lowest 0.00864 (24/12/2023). The difference between high and low is 1.09.

LAK DJF average rate for December 2023 is 0.0086, the change between 01/12/2023 and 31/12/2023 is +1.82 %.

01 December 2023	1 LAK = 0.0087 DJF
02 December 2023	1 LAK = 0.0086 DJF
03 December 2023	1 LAK = 0.0086 DJF
04 December 2023	1 LAK = 0.0085 DJF
05 December 2023	1 LAK = 0.0086 DJF
06 December 2023	1 LAK = 0.0086 DJF
07 December 2023	1 LAK = 0.0085 DJF
08 December 2023	1 LAK = 0.0086 DJF
10 December 2023	1 LAK = 0.0086 DJF
11 December 2023	1 LAK = 0.0085 DJF
12 December 2023	1 LAK = 0.0086 DJF
13 December 2023	1 LAK = 0.0085 DJF
14 December 2023	1 LAK = 0.0086 DJF
15 December 2023	1 LAK = 0.0086 DJF
16 December 2023	1 LAK = 0.0086 DJF
17 December 2023	1 LAK = 0.0086 DJF
18 December 2023	1 LAK = 0.0086 DJF
19 December 2023	1 LAK = 0.0087 DJF
20 December 2023	1 LAK = 0.0087 DJF
21 December 2023	1 LAK = 0.0086 DJF
22 December 2023	1 LAK = 0.0085 DJF
23 December 2023	1 LAK = 0.0086 DJF
24 December 2023	1 LAK = 0.0086 DJF
25 December 2023	1 LAK = 0.0086 DJF
26 December 2023	1 LAK = 0.0087 DJF
27 December 2023	1 LAK = 0.0087 DJF
28 December 2023	1 LAK = 0.0086 DJF
29 December 2023	1 LAK = 0.0085 DJF

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.

04/06/2020: Exchange rate stabilization

Efforts were made to stabilize the exchange rate of the Djiboutian franc to reduce inflation and encourage economic growth.

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.

01/09/2013: Replacement of coins with bi-metallic coins

Coins of lower denominations of the Djiboutian franc were replaced with bi-metallic coins.

01/01/2002: Introduction of new banknotes

New banknotes of the Djiboutian franc were introduced with enhanced security features.

15/09/1997: Second devaluation

The Djiboutian franc was devalued by 33% as a result of economic instability and high inflation.

02/07/1997: Lao kip devalued

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

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.

08/05/1977: First devaluation

The Djiboutian franc was devalued by 50% due to economic difficulties faced by the newly independent country.

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.

27/06/1973: Independence from France

Djibouti gained independence from France and the Djiboutian franc became the national 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.

01/01/1949: Introduction of the Djiboutian franc

The Djiboutian franc was introduced as the official currency of French Somaliland, replacing the French franc at a 1:1 exchange rate.

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.

Historic Lao kip Djiboutian franc