Lao kip hungarian forint exchange rate history (LAK HUF) October 2023

Lao kip hungarian forint history for October 2023. The highest quote for this month is 0.018447 (04/10/2023) and the lowest 0.018187 (03/10/2023). The difference between high and low is 1.41.

LAK HUF average rate for October 2023 is 0.0178, the change between 01/10/2023 and 31/10/2023 is +4.06 %.

01 October 2023	1 LAK = 0.0181 HUF
02 October 2023	1 LAK = 0.0183 HUF
03 October 2023	1 LAK = 0.0183 HUF
04 October 2023	1 LAK = 0.0183 HUF
05 October 2023	1 LAK = 0.0180 HUF
06 October 2023	1 LAK = 0.0182 HUF
07 October 2023	1 LAK = 0.0179 HUF
09 October 2023	1 LAK = 0.0182 HUF
10 October 2023	1 LAK = 0.0181 HUF
11 October 2023	1 LAK = 0.0179 HUF
12 October 2023	1 LAK = 0.0178 HUF
13 October 2023	1 LAK = 0.0179 HUF
16 October 2023	1 LAK = 0.0180 HUF
17 October 2023	1 LAK = 0.0177 HUF
18 October 2023	1 LAK = 0.0176 HUF
19 October 2023	1 LAK = 0.0178 HUF
20 October 2023	1 LAK = 0.0175 HUF
21 October 2023	1 LAK = 0.0174 HUF
22 October 2023	1 LAK = 0.0174 HUF
23 October 2023	1 LAK = 0.0177 HUF
24 October 2023	1 LAK = 0.0173 HUF
25 October 2023	1 LAK = 0.0175 HUF
26 October 2023	1 LAK = 0.0176 HUF
27 October 2023	1 LAK = 0.0175 HUF
28 October 2023	1 LAK = 0.0175 HUF
29 October 2023	1 LAK = 0.0175 HUF
30 October 2023	1 LAK = 0.0178 HUF
31 October 2023	1 LAK = 0.0174 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.

Historic Lao kip Hungarian forint