Lao kip indonesian rupiah exchange rate history (LAK IDR) October 2023

Lao kip indonesian rupiah history for October 2023. The highest quote for this month is 0.77885 (31/10/2023) and the lowest 0.77901 (24/10/2023). The difference between high and low is -0.02.

LAK IDR average rate for October 2023 is 0.76823, the change between 01/10/2023 and 31/10/2023 is -0.47 %.

01 October 2023	1 LAK = 0.7618 IDR
02 October 2023	1 LAK = 0.7649 IDR
03 October 2023	1 LAK = 0.7640 IDR
04 October 2023	1 LAK = 0.7677 IDR
05 October 2023	1 LAK = 0.7631 IDR
06 October 2023	1 LAK = 0.7737 IDR
07 October 2023	1 LAK = 0.7629 IDR
09 October 2023	1 LAK = 0.7736 IDR
10 October 2023	1 LAK = 0.7745 IDR
11 October 2023	1 LAK = 0.7686 IDR
12 October 2023	1 LAK = 0.7665 IDR
13 October 2023	1 LAK = 0.7685 IDR
16 October 2023	1 LAK = 0.7671 IDR
17 October 2023	1 LAK = 0.7600 IDR
18 October 2023	1 LAK = 0.7628 IDR
19 October 2023	1 LAK = 0.7741 IDR
20 October 2023	1 LAK = 0.7675 IDR
21 October 2023	1 LAK = 0.7677 IDR
22 October 2023	1 LAK = 0.7670 IDR
23 October 2023	1 LAK = 0.7766 IDR
24 October 2023	1 LAK = 0.7673 IDR
25 October 2023	1 LAK = 0.7684 IDR
26 October 2023	1 LAK = 0.7689 IDR
27 October 2023	1 LAK = 0.7709 IDR
28 October 2023	1 LAK = 0.7695 IDR
29 October 2023	1 LAK = 0.7695 IDR
30 October 2023	1 LAK = 0.7779 IDR
31 October 2023	1 LAK = 0.7654 IDR

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.

04/03/2020: Rupiah Hits Lowest Point

The Rupiah reached its weakest level against the US dollar since the 1998 financial crisis, reflecting global economic uncertainty and the impact of the COVID-19 pandemic.

27/07/2015: New Banknotes and Coins

The Bank of Indonesia introduced a new series of banknotes and coins with enhanced security features and updated designs to commemorate the country's achievements.

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.

20/05/1998: Revaluation of Rupiah

As a response to the financial crisis, the Indonesian government revalued the Rupiah by removing three zeros from the currency, aiming to stabilize its value.

02/07/1997: Lao kip devalued

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

01/07/1997: Asian Financial Crisis

Indonesia, along with other Southeast Asian nations, experienced a severe currency crisis as the Rupiah plummeted in value against the US dollar, leading to economic turmoil.

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.

29/11/1965: New Rupiah Symbol

The official symbol for the Rupiah (Rp) was introduced, replacing the previous abbreviation of 'Rp.' This symbol is still in use today.

31/05/1952: Currency Exchange Law

The Currency Exchange Law was enacted, establishing a fixed exchange rate for the Rupiah against the Dutch guilder, marking a significant milestone in the currency's stability.

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.

26/12/1949: Independence of Indonesia

Following Indonesia's independence from the Netherlands, the Rupiah was introduced as the official currency of the newly formed republic.

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 Indonesian Rupiah