Historic Lao kip Euro

Lao kip euro history for January 2024. The highest quote for this month is 0.000045 (02/01/2024) and the lowest 0.000045 (02/01/2024). The difference between high and low is 0.

LAK EUR average rate for January 2024 is 0.00004, the change between 01/01/2024 and 31/01/2024 is -2.27 %.

01 January 20241 LAK = 0.0000 EUR
02 January 20241 LAK = 0.0000 EUR
03 January 20241 LAK = 0.0000 EUR
04 January 20241 LAK = 0.0000 EUR
05 January 20241 LAK = 0.0000 EUR
07 January 20241 LAK = 0.0000 EUR
08 January 20241 LAK = 0.0000 EUR
09 January 20241 LAK = 0.0000 EUR
10 January 20241 LAK = 0.0000 EUR
11 January 20241 LAK = 0.0000 EUR
12 January 20241 LAK = 0.0000 EUR
14 January 20241 LAK = 0.0000 EUR
15 January 20241 LAK = 0.0000 EUR
16 January 20241 LAK = 0.0000 EUR
17 January 20241 LAK = 0.0000 EUR
18 January 20241 LAK = 0.0000 EUR
19 January 20241 LAK = 0.0000 EUR
22 January 20241 LAK = 0.0000 EUR
23 January 20241 LAK = 0.0000 EUR
24 January 20241 LAK = 0.0000 EUR
25 January 20241 LAK = 0.0000 EUR
26 January 20241 LAK = 0.0000 EUR
28 January 20241 LAK = 0.0000 EUR
29 January 20241 LAK = 0.0000 EUR
30 January 20241 LAK = 0.0000 EUR
31 January 20241 LAK = 0.0000 EUR

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.

13/07/2015: Greek debt bailout agreement

A third bailout deal was reached between Greece and its creditors, avoiding a potential Greek exit from the Eurozone.

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.

02/05/2010: Greek debt crisis

Greece's financial crisis threatened the stability of the Eurozone, requiring massive bailout packages to prevent a default.

15/10/2008: Global financial crisis

The Euro faced significant economic challenges following the collapse of Lehman Brothers, leading to a recession in many Eurozone countries.

01/05/2004: Eurozone expansion

10 more countries joined the Eurozone, bringing the total number of participating countries to 24.

01/01/2002: Euro banknotes and coins

Physical banknotes and coins in Euro were introduced, replacing national currencies in 12 European countries.

01/01/1999: Introduction of the Euro

The Euro was officially introduced as an electronic currency for banking and financial 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.

07/02/1992: The Maastricht Treaty

The treaty was signed, which officially established the European Union and laid the groundwork for the creation of the Euro.

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.

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.
LAK EUR January 2024
LAK EUR February 2024
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