Lao kip iranian rial exchange rate history (LAK IRR) November 2023

Lao kip iranian rial history for November 2023. The highest quote for this month is 2.0527 (20/11/2023) and the lowest 2.0744 (15/11/2023). The difference between high and low is -1.06.

LAK IRR average rate for November 2023 is 2.03856, the change between 01/11/2023 and 30/11/2023 is -0.22 %.

01 November 2023	1 LAK = 2.030 IRR
02 November 2023	1 LAK = 2.030 IRR
03 November 2023	1 LAK = 2.052 IRR
06 November 2023	1 LAK = 2.068 IRR
07 November 2023	1 LAK = 2.031 IRR
08 November 2023	1 LAK = 2.043 IRR
09 November 2023	1 LAK = 2.040 IRR
10 November 2023	1 LAK = 2.028 IRR
12 November 2023	1 LAK = 2.025 IRR
13 November 2023	1 LAK = 2.054 IRR
14 November 2023	1 LAK = 2.030 IRR
15 November 2023	1 LAK = 2.029 IRR
16 November 2023	1 LAK = 2.031 IRR
17 November 2023	1 LAK = 2.032 IRR
18 November 2023	1 LAK = 2.029 IRR
19 November 2023	1 LAK = 2.029 IRR
20 November 2023	1 LAK = 2.058 IRR
21 November 2023	1 LAK = 2.033 IRR
22 November 2023	1 LAK = 2.034 IRR
23 November 2023	1 LAK = 2.055 IRR
24 November 2023	1 LAK = 2.048 IRR
26 November 2023	1 LAK = 2.030 IRR
27 November 2023	1 LAK = 2.060 IRR
28 November 2023	1 LAK = 2.034 IRR
29 November 2023	1 LAK = 2.035 IRR
30 November 2023	1 LAK = 2.035 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.

Historic Lao kip Iranian Rial