Lao kip guatemalan quetzal exchange rate history (LAK GTQ) October 2023

Lao kip guatemalan quetzal history for October 2023. The highest quote for this month is 0.000387 (01/10/2023) and the lowest 0.000387 (01/10/2023). The difference between high and low is 0.

LAK GTQ average rate for October 2023 is 0.00038, the change between 01/10/2023 and 31/10/2023 is +4.65 %.

01 October 2023	1 LAK = 0.0004 GTQ
02 October 2023	1 LAK = 0.0004 GTQ
03 October 2023	1 LAK = 0.0004 GTQ
04 October 2023	1 LAK = 0.0004 GTQ
05 October 2023	1 LAK = 0.0004 GTQ
06 October 2023	1 LAK = 0.0004 GTQ
07 October 2023	1 LAK = 0.0004 GTQ
09 October 2023	1 LAK = 0.0004 GTQ
10 October 2023	1 LAK = 0.0004 GTQ
11 October 2023	1 LAK = 0.0004 GTQ
12 October 2023	1 LAK = 0.0004 GTQ
13 October 2023	1 LAK = 0.0004 GTQ
16 October 2023	1 LAK = 0.0004 GTQ
17 October 2023	1 LAK = 0.0004 GTQ
18 October 2023	1 LAK = 0.0004 GTQ
19 October 2023	1 LAK = 0.0004 GTQ
20 October 2023	1 LAK = 0.0004 GTQ
21 October 2023	1 LAK = 0.0004 GTQ
22 October 2023	1 LAK = 0.0004 GTQ
23 October 2023	1 LAK = 0.0004 GTQ
24 October 2023	1 LAK = 0.0004 GTQ
25 October 2023	1 LAK = 0.0004 GTQ
26 October 2023	1 LAK = 0.0004 GTQ
27 October 2023	1 LAK = 0.0004 GTQ
29 October 2023	1 LAK = 0.0004 GTQ
30 October 2023	1 LAK = 0.0004 GTQ
31 October 2023	1 LAK = 0.0004 GTQ

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.

14/09/2020: Centenary of the Quetzal

The Guatemalan Quetzal celebrated its centenary, marking 100 years as the national currency of Guatemala.

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.

30/05/2011: New banknotes

New banknotes were introduced to incorporate modern security features and commemorate the 20th anniversary of Quetzal's reintroduction.

02/07/1997: Lao kip devalued

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

09/02/1987: Quetzal devaluation

The Quetzal was devalued by 66% as part of an economic stabilization plan.

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.

13/09/1967: Decree Law 17-67

Decree Law 17-67 was enacted, establishing a fixed exchange rate between the Quetzal and the US dollar.

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.

08/04/1951: Monetary Reform

Guatemala underwent a monetary reform, with the introduction of the Quetzal as the sole currency.

25/06/1946: The Quetzalé bill

The Quetzalé bill, equivalent to 1,000 Quetzales, was introduced to combat hyperinflation.

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.

22/06/1925: Introduction of the Quetzal

The Guatemalan Quetzal was introduced as the official currency, replacing the Guatemalan peso.

Historic Lao kip Guatemalan quetzal