Historic Lao kip Iranian Rial

Lao kip iranian rial history for February 2024. The highest quote for this month is 2.0388 (13/02/2024) and the lowest 2.0575 (02/02/2024). The difference between high and low is -0.92.

LAK IRR average rate for February 2024 is 2.02481, the change between 01/02/2024 and 29/02/2024 is -0.41 %.

01 February 20241 LAK = 2.032 IRR
02 February 20241 LAK = 2.027 IRR
03 February 20241 LAK = 2.026 IRR
04 February 20241 LAK = 2.026 IRR
05 February 20241 LAK = 2.028 IRR
06 February 20241 LAK = 2.039 IRR
07 February 20241 LAK = 2.022 IRR
08 February 20241 LAK = 2.020 IRR
09 February 20241 LAK = 2.022 IRR
12 February 20241 LAK = 2.041 IRR
13 February 20241 LAK = 2.020 IRR
14 February 20241 LAK = 2.020 IRR
15 February 20241 LAK = 2.018 IRR
16 February 20241 LAK = 2.018 IRR
17 February 20241 LAK = 2.017 IRR
18 February 20241 LAK = 2.017 IRR
19 February 20241 LAK = 2.037 IRR
20 February 20241 LAK = 2.037 IRR
21 February 20241 LAK = 2.020 IRR
22 February 20241 LAK = 2.019 IRR
23 February 20241 LAK = 2.018 IRR
24 February 20241 LAK = 2.016 IRR
25 February 20241 LAK = 2.016 IRR
26 February 20241 LAK = 2.038 IRR
27 February 20241 LAK = 2.019 IRR
28 February 20241 LAK = 2.018 IRR
29 February 20241 LAK = 2.041 IRR

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.

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

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.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

02/07/1997: Lao kip devalued

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

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

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.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

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.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.
LAK IRR November 2023
LAK IRR December 2023
LAK IRR January 2024
LAK IRR February 2024
LAK IRR March 2024
LAK IRR April 2024
LAK IRR May 2024
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LAK IRR July 2024
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LAK IRR October 2024
LAK IRR November 2024