Historic Lao kip Macedonian Denar

Lao kip macedonian denar history for February 2024. The highest quote for this month is 0.002773 (13/02/2024) and the lowest 0.002758 (15/02/2024). The difference between high and low is 0.54.

LAK MKD average rate for February 2024 is 0.00273, the change between 01/02/2024 and 29/02/2024 is -0.15 %.

01 February 20241 LAK = 0.0027 MKD
02 February 20241 LAK = 0.0027 MKD
03 February 20241 LAK = 0.0027 MKD
04 February 20241 LAK = 0.0027 MKD
05 February 20241 LAK = 0.0027 MKD
06 February 20241 LAK = 0.0028 MKD
07 February 20241 LAK = 0.0027 MKD
08 February 20241 LAK = 0.0027 MKD
09 February 20241 LAK = 0.0027 MKD
12 February 20241 LAK = 0.0027 MKD
13 February 20241 LAK = 0.0027 MKD
14 February 20241 LAK = 0.0027 MKD
15 February 20241 LAK = 0.0027 MKD
16 February 20241 LAK = 0.0027 MKD
17 February 20241 LAK = 0.0027 MKD
18 February 20241 LAK = 0.0027 MKD
19 February 20241 LAK = 0.0028 MKD
20 February 20241 LAK = 0.0028 MKD
21 February 20241 LAK = 0.0027 MKD
22 February 20241 LAK = 0.0027 MKD
23 February 20241 LAK = 0.0027 MKD
24 February 20241 LAK = 0.0027 MKD
25 February 20241 LAK = 0.0027 MKD
26 February 20241 LAK = 0.0027 MKD
27 February 20241 LAK = 0.0027 MKD
28 February 20241 LAK = 0.0027 MKD
29 February 20241 LAK = 0.0027 MKD

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.

01/07/2020: Euro as legal tender

North Macedonia officially adopted the Euro as its currency, replacing the Macedonian Denar for all monetary transactions.

15/05/2018: Denar's symbol adoption

The official symbol for the Macedonian Denar (den) was adopted, representing the currency in both domestic and international transactions.

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.

10/10/2005: Denar's full Euro peg

The Macedonian Denar was fully pegged to the Euro at a fixed exchange rate of 61.5 Denars to 1 Euro.

29/04/2003: Replacement of banknotes

New series of banknotes with enhanced security features were introduced, replacing the older versions.

05/11/2001: Denar's devaluation

Due to the political crisis in Macedonia, the Denar underwent a significant devaluation, losing around 40% of its value against the Euro.

02/07/1997: Lao kip devalued

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

15/05/1995: Denar's peg to the German Mark

The Macedonian Denar was pegged to the German Mark at a rate of 1 Denar to 1.5 Deutsche Mark, establishing a stable exchange rate.

26/11/1992: Introduction of the Macedonian Denar

The Macedonian Denar was introduced as the official currency of the Republic of Macedonia following its declaration of independence from Yugoslavia.

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.

01/01/1952: 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 MKD July 2023
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