Lao kip egyptian pound exchange rate history (LAK EGP) September 2023

Lao kip egyptian pound history for September 2023. The highest quote for this month is 0.001586 (01/09/2023) and the lowest 0.00159 (05/09/2023). The difference between high and low is -0.25.

LAK EGP average rate for September 2023 is 0.00156, the change between 01/09/2023 and 30/09/2023 is +4.34 %.

01 September 2023	1 LAK = 0.0016 EGP
04 September 2023	1 LAK = 0.0016 EGP
05 September 2023	1 LAK = 0.0016 EGP
06 September 2023	1 LAK = 0.0016 EGP
07 September 2023	1 LAK = 0.0016 EGP
08 September 2023	1 LAK = 0.0016 EGP
11 September 2023	1 LAK = 0.0016 EGP
12 September 2023	1 LAK = 0.0016 EGP
13 September 2023	1 LAK = 0.0016 EGP
14 September 2023	1 LAK = 0.0016 EGP
15 September 2023	1 LAK = 0.0016 EGP
18 September 2023	1 LAK = 0.0016 EGP
19 September 2023	1 LAK = 0.0016 EGP
20 September 2023	1 LAK = 0.0016 EGP
21 September 2023	1 LAK = 0.0016 EGP
22 September 2023	1 LAK = 0.0015 EGP
23 September 2023	1 LAK = 0.0015 EGP
24 September 2023	1 LAK = 0.0015 EGP
25 September 2023	1 LAK = 0.0016 EGP
27 September 2023	1 LAK = 0.0015 EGP
28 September 2023	1 LAK = 0.0015 EGP
29 September 2023	1 LAK = 0.0015 EGP
30 September 2023	1 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.

Historic Lao kip Egyptian Pound