Historic Lao kip Japanese Yen

Lao kip japanese yen history for February 2024. The highest quote for this month is 0.007315 (13/02/2024) and the lowest 0.007289 (22/02/2024). The difference between high and low is 0.36.

LAK JPY average rate for February 2024 is 0.00721, the change between 01/02/2024 and 29/02/2024 is -2.88 %.

01 February 20241 LAK = 0.0071 JPY
02 February 20241 LAK = 0.0071 JPY
04 February 20241 LAK = 0.0071 JPY
05 February 20241 LAK = 0.0072 JPY
06 February 20241 LAK = 0.0072 JPY
07 February 20241 LAK = 0.0071 JPY
08 February 20241 LAK = 0.0071 JPY
09 February 20241 LAK = 0.0072 JPY
12 February 20241 LAK = 0.0072 JPY
13 February 20241 LAK = 0.0072 JPY
14 February 20241 LAK = 0.0072 JPY
15 February 20241 LAK = 0.0072 JPY
16 February 20241 LAK = 0.0072 JPY
17 February 20241 LAK = 0.0072 JPY
18 February 20241 LAK = 0.0072 JPY
19 February 20241 LAK = 0.0073 JPY
20 February 20241 LAK = 0.0073 JPY
21 February 20241 LAK = 0.0072 JPY
22 February 20241 LAK = 0.0072 JPY
23 February 20241 LAK = 0.0072 JPY
24 February 20241 LAK = 0.0072 JPY
25 February 20241 LAK = 0.0072 JPY
26 February 20241 LAK = 0.0073 JPY
27 February 20241 LAK = 0.0072 JPY
28 February 20241 LAK = 0.0072 JPY
29 February 20241 LAK = 0.0073 JPY

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.

28/07/2016: Bank of Japan announces stimulus package

The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major 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.

11/03/2011: Great East Japan Earthquake

The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.

15/09/2008: Lehman Brothers bankruptcy

The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.

02/07/1997: Lao kip devalued

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

20/03/1995: Kobe earthquake

The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.

22/09/1985: Plaza Accord

Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.

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.

01/03/1973: Yen becomes a floating currency

The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.

15/12/1953: Yen is introduced

The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.

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.
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