Historic Lao kip Jamaican Dollar

Lao kip jamaican dollar history for February 2024. The highest quote for this month is 0.007517 (19/02/2024) and the lowest 0.007528 (16/02/2024). The difference between high and low is -0.15.

LAK JMD average rate for February 2024 is 0.00746, the change between 01/02/2024 and 29/02/2024 is -0.77 %.

01 February 20241 LAK = 0.0074 JMD
02 February 20241 LAK = 0.0074 JMD
03 February 20241 LAK = 0.0075 JMD
04 February 20241 LAK = 0.0075 JMD
05 February 20241 LAK = 0.0075 JMD
06 February 20241 LAK = 0.0075 JMD
07 February 20241 LAK = 0.0074 JMD
08 February 20241 LAK = 0.0074 JMD
09 February 20241 LAK = 0.0074 JMD
12 February 20241 LAK = 0.0075 JMD
13 February 20241 LAK = 0.0074 JMD
14 February 20241 LAK = 0.0074 JMD
15 February 20241 LAK = 0.0075 JMD
16 February 20241 LAK = 0.0075 JMD
17 February 20241 LAK = 0.0075 JMD
18 February 20241 LAK = 0.0075 JMD
19 February 20241 LAK = 0.0075 JMD
20 February 20241 LAK = 0.0075 JMD
21 February 20241 LAK = 0.0075 JMD
22 February 20241 LAK = 0.0074 JMD
23 February 20241 LAK = 0.0074 JMD
24 February 20241 LAK = 0.0074 JMD
25 February 20241 LAK = 0.0075 JMD
26 February 20241 LAK = 0.0075 JMD
27 February 20241 LAK = 0.0074 JMD
28 February 20241 LAK = 0.0074 JMD
29 February 20241 LAK = 0.0075 JMD

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.

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

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.

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

02/07/1997: Lao kip devalued

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

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the 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.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

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.
LAK JMD January 2024
LAK JMD February 2024
LAK JMD March 2024
LAK JMD April 2024
LAK JMD May 2024
LAK JMD June 2024
LAK JMD July 2024
LAK JMD August 2024
LAK JMD September 2024
LAK JMD October 2024
LAK JMD November 2024
LAK JMD December 2024
LAK JMD January 2025