Lao kip israeli sheqel exchange rate history (LAK ILS) August 2023

Lao kip israeli sheqel history for August 2023. The highest quote for this month is 0.000198 (18/08/2023) and the lowest 0.000197 (18/08/2023). The difference between high and low is 0.51.

LAK ILS average rate for August 2023 is 0.00019, the change between 01/08/2023 and 31/08/2023 is -1.04 %.

01 August 2023	1 LAK = 0.0002 ILS
02 August 2023	1 LAK = 0.0002 ILS
03 August 2023	1 LAK = 0.0002 ILS
04 August 2023	1 LAK = 0.0002 ILS
07 August 2023	1 LAK = 0.0002 ILS
08 August 2023	1 LAK = 0.0002 ILS
09 August 2023	1 LAK = 0.0002 ILS
10 August 2023	1 LAK = 0.0002 ILS
11 August 2023	1 LAK = 0.0002 ILS
12 August 2023	1 LAK = 0.0002 ILS
14 August 2023	1 LAK = 0.0002 ILS
15 August 2023	1 LAK = 0.0002 ILS
16 August 2023	1 LAK = 0.0002 ILS
17 August 2023	1 LAK = 0.0002 ILS
18 August 2023	1 LAK = 0.0002 ILS
20 August 2023	1 LAK = 0.0002 ILS
21 August 2023	1 LAK = 0.0002 ILS
22 August 2023	1 LAK = 0.0002 ILS
23 August 2023	1 LAK = 0.0002 ILS
24 August 2023	1 LAK = 0.0002 ILS
25 August 2023	1 LAK = 0.0002 ILS
28 August 2023	1 LAK = 0.0002 ILS
29 August 2023	1 LAK = 0.0002 ILS
30 August 2023	1 LAK = 0.0002 ILS
31 August 2023	1 LAK = 0.0002 ILS

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.

29/12/2014: 1 US Dollar = 3.891 Israeli Sheqel

The Israeli Sheqel (ILS) reaches a historical low against the US Dollar in the foreign exchange market.

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.

04/05/2008: Introduction of New Banknotes

New Israeli Sheqel (ILS) banknotes with enhanced security features were issued.

01/09/1999: Introduction of Sheqel Coins

Israeli Sheqel (ILS) coins were introduced, replacing the agora as the subunit of the currency.

02/07/1997: Lao kip devalued

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

24/02/1985: Hyperinflation Crisis

Israel experiences hyperinflation, leading to the introduction of the new Israeli Sheqel (ILS).

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.

16/03/1960: Introduction of the New Sheqel

The old Israeli pound (ILP) was replaced by the new Israeli Sheqel (ILS) as the official currency.

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.

24/02/1949: Introduction of the Israel Pound

The Israeli pound (ILP) was introduced as legal tender in Israel.

24/09/1948: Israeli Declaration of Independence

The Israeli pound (ILP) was introduced as the official currency of Israel.

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 Israeli Sheqel