Historic Lao kip Hungarian forint

Lao kip hungarian forint history for February 2024. The highest quote for this month is 0.017608 (29/02/2024) and the lowest 0.017529 (16/02/2024). The difference between high and low is 0.45.

LAK HUF average rate for February 2024 is 0.0173, the change between 01/02/2024 and 29/02/2024 is -2.61 %.

01 February 20241 LAK = 0.0172 HUF
02 February 20241 LAK = 0.0170 HUF
03 February 20241 LAK = 0.0172 HUF
04 February 20241 LAK = 0.0172 HUF
05 February 20241 LAK = 0.0172 HUF
06 February 20241 LAK = 0.0175 HUF
07 February 20241 LAK = 0.0173 HUF
08 February 20241 LAK = 0.0173 HUF
09 February 20241 LAK = 0.0173 HUF
12 February 20241 LAK = 0.0174 HUF
13 February 20241 LAK = 0.0173 HUF
14 February 20241 LAK = 0.0174 HUF
15 February 20241 LAK = 0.0174 HUF
16 February 20241 LAK = 0.0173 HUF
17 February 20241 LAK = 0.0173 HUF
18 February 20241 LAK = 0.0173 HUF
19 February 20241 LAK = 0.0175 HUF
20 February 20241 LAK = 0.0175 HUF
21 February 20241 LAK = 0.0172 HUF
22 February 20241 LAK = 0.0172 HUF
23 February 20241 LAK = 0.0172 HUF
24 February 20241 LAK = 0.0172 HUF
25 February 20241 LAK = 0.0172 HUF
26 February 20241 LAK = 0.0174 HUF
27 February 20241 LAK = 0.0172 HUF
28 February 20241 LAK = 0.0173 HUF
29 February 20241 LAK = 0.0176 HUF

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.

14/10/2013: 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.

09/03/2012: Introduction of New Banknotes

Hungary introduced new banknotes with enhanced security features, aiming to combat counterfeiting and improve the forint's credibility.

23/10/2008: Global Financial Crisis

The global financial crisis had a significant impact on the Hungarian forint, resulting in a significant depreciation against major foreign currencies.

01/05/2004: Accession to the European Union

Hungary joined the European Union, bringing the forint closer to the eurozone and influencing its future trajectory as an EU currency.

28/02/2001: Currency Exchange Rate Stability

The Hungarian government adopted a policy of maintaining a stable exchange rate for the forint against the euro, contributing to the currency's stability.

02/07/1997: Lao kip devalued

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

16/06/1989: Transition to a Market Economy

Hungary implemented economic reforms, including the transition from a planned economy to a market economy, with significant impacts on the forint's value and exchange rate.

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.

20/08/1949: Forint becomes a planned economy currency

Hungary's currency, including the forint, became part of the planned socialist economy under the control of the Hungarian Workers' Party.

03/08/1946: Introduction of the Forint

The forint was introduced as the official currency of Hungary, replacing the previous pengő, which had been severely devalued during World War II.

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 HUF January 2024
LAK HUF February 2024
LAK HUF March 2024
LAK HUF April 2024
LAK HUF May 2024
LAK HUF June 2024
LAK HUF July 2024
LAK HUF August 2024
LAK HUF September 2024
LAK HUF October 2024
LAK HUF November 2024
LAK HUF December 2024
LAK HUF January 2025