Historic Lao kip New Zealand Dollar

Lao kip new zealand dollar history for February 2024. The highest quote for this month is 0.00008 (02/02/2024) and the lowest 0.00008 (02/02/2024). The difference between high and low is 0.

LAK NZD average rate for February 2024 is 0.00008, the change between 01/02/2024 and 29/02/2024 is -1.27 %.

01 February 20241 LAK = 0.0001 NZD
02 February 20241 LAK = 0.0001 NZD
03 February 20241 LAK = 0.0001 NZD
04 February 20241 LAK = 0.0001 NZD
05 February 20241 LAK = 0.0001 NZD
06 February 20241 LAK = 0.0001 NZD
07 February 20241 LAK = 0.0001 NZD
08 February 20241 LAK = 0.0001 NZD
09 February 20241 LAK = 0.0001 NZD
12 February 20241 LAK = 0.0001 NZD
13 February 20241 LAK = 0.0001 NZD
14 February 20241 LAK = 0.0001 NZD
15 February 20241 LAK = 0.0001 NZD
16 February 20241 LAK = 0.0001 NZD
17 February 20241 LAK = 0.0001 NZD
18 February 20241 LAK = 0.0001 NZD
19 February 20241 LAK = 0.0001 NZD
20 February 20241 LAK = 0.0001 NZD
21 February 20241 LAK = 0.0001 NZD
22 February 20241 LAK = 0.0001 NZD
23 February 20241 LAK = 0.0001 NZD
24 February 20241 LAK = 0.0001 NZD
25 February 20241 LAK = 0.0001 NZD
26 February 20241 LAK = 0.0001 NZD
27 February 20241 LAK = 0.0001 NZD
28 February 20241 LAK = 0.0001 NZD
29 February 20241 LAK = 0.0001 NZD

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.

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

02/07/1997: Lao kip devalued

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

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

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.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

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.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.
LAK NZD July 2023
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LAK NZD February 2024
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