Historic Lao kip Burmese kyat

Lao kip burmese kyat history for November 2023. The highest quote for this month is 0.10172 (30/11/2023) and the lowest 0.10169 (28/11/2023). The difference between high and low is 0.03.

LAK MMK average rate for November 2023 is 0.10089, the change between 01/11/2023 and 30/11/2023 is -0.24 %.

01 November 20231 LAK = 0.1004 MMK
02 November 20231 LAK = 0.1004 MMK
03 November 20231 LAK = 0.1014 MMK
06 November 20231 LAK = 0.1015 MMK
07 November 20231 LAK = 0.1006 MMK
08 November 20231 LAK = 0.1005 MMK
09 November 20231 LAK = 0.1005 MMK
10 November 20231 LAK = 0.1004 MMK
12 November 20231 LAK = 0.1010 MMK
13 November 20231 LAK = 0.1013 MMK
14 November 20231 LAK = 0.1005 MMK
15 November 20231 LAK = 0.1004 MMK
16 November 20231 LAK = 0.1006 MMK
17 November 20231 LAK = 0.1006 MMK
18 November 20231 LAK = 0.1012 MMK
19 November 20231 LAK = 0.1012 MMK
20 November 20231 LAK = 0.1014 MMK
21 November 20231 LAK = 0.1006 MMK
22 November 20231 LAK = 0.1006 MMK
23 November 20231 LAK = 0.1017 MMK
24 November 20231 LAK = 0.1015 MMK
26 November 20231 LAK = 0.1012 MMK
27 November 20231 LAK = 0.1016 MMK
28 November 20231 LAK = 0.1007 MMK
29 November 20231 LAK = 0.1006 MMK
30 November 20231 LAK = 0.1007 MMK

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

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.

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

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.

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate based on market forces.

02/07/1997: Lao kip devalued

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

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

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.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.

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.