Historic Lao kip Egyptian Pound

Lao kip egyptian pound history for January 2024. The highest quote for this month is 0.001521 (01/01/2024) and the lowest 0.001517 (09/01/2024). The difference between high and low is 0.26.

LAK EGP average rate for January 2024 is 0.0015, the change between 01/01/2024 and 31/01/2024 is +1.52 %.

01 January 20241 LAK = 0.0015 EGP
02 January 20241 LAK = 0.0015 EGP
03 January 20241 LAK = 0.0015 EGP
04 January 20241 LAK = 0.0015 EGP
05 January 20241 LAK = 0.0015 EGP
06 January 20241 LAK = 0.0015 EGP
07 January 20241 LAK = 0.0015 EGP
08 January 20241 LAK = 0.0015 EGP
09 January 20241 LAK = 0.0015 EGP
10 January 20241 LAK = 0.0015 EGP
11 January 20241 LAK = 0.0015 EGP
12 January 20241 LAK = 0.0015 EGP
14 January 20241 LAK = 0.0015 EGP
15 January 20241 LAK = 0.0015 EGP
16 January 20241 LAK = 0.0015 EGP
17 January 20241 LAK = 0.0015 EGP
18 January 20241 LAK = 0.0015 EGP
19 January 20241 LAK = 0.0015 EGP
22 January 20241 LAK = 0.0015 EGP
23 January 20241 LAK = 0.0015 EGP
24 January 20241 LAK = 0.0015 EGP
25 January 20241 LAK = 0.0015 EGP
26 January 20241 LAK = 0.0015 EGP
28 January 20241 LAK = 0.0015 EGP
29 January 20241 LAK = 0.0015 EGP
30 January 20241 LAK = 0.0015 EGP
31 January 20241 LAK = 0.0015 EGP

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.

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

02/07/1997: Lao kip devalued

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

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

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.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

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.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.
LAK EGP July 2023
LAK EGP August 2023
LAK EGP September 2023
LAK EGP October 2023
LAK EGP November 2023
LAK EGP December 2023
LAK EGP January 2024
LAK EGP February 2024
LAK EGP March 2024
LAK EGP April 2024
LAK EGP May 2024
LAK EGP June 2024
LAK EGP July 2024