Historic Lao kip Djiboutian franc

Lao kip djiboutian franc history for February 2024. The highest quote for this month is 0.008624 (13/02/2024) and the lowest 0.008586 (04/02/2024). The difference between high and low is 0.44.

LAK DJF average rate for February 2024 is 0.00852, the change between 01/02/2024 and 29/02/2024 is +1.97 %.

01 February 20241 LAK = 0.0086 DJF
02 February 20241 LAK = 0.0086 DJF
03 February 20241 LAK = 0.0086 DJF
04 February 20241 LAK = 0.0086 DJF
05 February 20241 LAK = 0.0085 DJF
06 February 20241 LAK = 0.0085 DJF
07 February 20241 LAK = 0.0084 DJF
08 February 20241 LAK = 0.0085 DJF
09 February 20241 LAK = 0.0086 DJF
12 February 20241 LAK = 0.0084 DJF
13 February 20241 LAK = 0.0085 DJF
14 February 20241 LAK = 0.0085 DJF
15 February 20241 LAK = 0.0085 DJF
16 February 20241 LAK = 0.0085 DJF
17 February 20241 LAK = 0.0085 DJF
18 February 20241 LAK = 0.0085 DJF
19 February 20241 LAK = 0.0084 DJF
20 February 20241 LAK = 0.0086 DJF
21 February 20241 LAK = 0.0085 DJF
22 February 20241 LAK = 0.0085 DJF
23 February 20241 LAK = 0.0084 DJF
24 February 20241 LAK = 0.0085 DJF
25 February 20241 LAK = 0.0085 DJF
26 February 20241 LAK = 0.0084 DJF
27 February 20241 LAK = 0.0085 DJF
28 February 20241 LAK = 0.0085 DJF
29 February 20241 LAK = 0.0084 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.
LAK DJF November 2023
LAK DJF December 2023
LAK DJF January 2024
LAK DJF February 2024
LAK DJF March 2024
LAK DJF April 2024
LAK DJF May 2024
LAK DJF June 2024
LAK DJF July 2024
LAK DJF August 2024
LAK DJF September 2024
LAK DJF October 2024
LAK DJF November 2024