Historic Lao kip North Korean won

Lao kip north korean won history for February 2024. The highest quote for this month is 0.043673 (13/02/2024) and the lowest 0.044089 (02/02/2024). The difference between high and low is -0.95.

LAK KPW average rate for February 2024 is 0.04338, the change between 01/02/2024 and 29/02/2024 is -0.38 %.

01 February 20241 LAK = 0.0435 KPW
02 February 20241 LAK = 0.0434 KPW
03 February 20241 LAK = 0.0434 KPW
04 February 20241 LAK = 0.0434 KPW
05 February 20241 LAK = 0.0434 KPW
06 February 20241 LAK = 0.0437 KPW
07 February 20241 LAK = 0.0433 KPW
08 February 20241 LAK = 0.0433 KPW
09 February 20241 LAK = 0.0433 KPW
12 February 20241 LAK = 0.0437 KPW
13 February 20241 LAK = 0.0433 KPW
14 February 20241 LAK = 0.0433 KPW
15 February 20241 LAK = 0.0432 KPW
16 February 20241 LAK = 0.0432 KPW
17 February 20241 LAK = 0.0432 KPW
18 February 20241 LAK = 0.0432 KPW
19 February 20241 LAK = 0.0436 KPW
20 February 20241 LAK = 0.0436 KPW
21 February 20241 LAK = 0.0433 KPW
22 February 20241 LAK = 0.0432 KPW
23 February 20241 LAK = 0.0432 KPW
24 February 20241 LAK = 0.0432 KPW
25 February 20241 LAK = 0.0432 KPW
26 February 20241 LAK = 0.0437 KPW
27 February 20241 LAK = 0.0433 KPW
28 February 20241 LAK = 0.0432 KPW
29 February 20241 LAK = 0.0437 KPW

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.

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.

01/07/2013: Exchange rate unification

North Korea unifies the official exchange rate and market rate, resulting in a significant depreciation of the won.

30/11/2009: Currency revaluation

North Korean government announces a currency revaluation, replacing the old won notes at a ratio of 1 for 100.

01/12/2001: Currency redenomination

North Korean won is redenominated, with the previous notes and coins being replaced by new ones at a ratio of 1 for 1,000.

02/07/1997: Lao kip devalued

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

25/02/1992: Introducing foreign exchange certificates

North Korea introduces foreign exchange certificates to counter hyperinflation and stabilize its economy.

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.

06/12/1979: Second major revaluation

North Korean won undergoes its second major revaluation, with the exchange rate being set at 1 for 10.

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.

31/12/1959: First major revaluation

North Korean won undergoes its first major revaluation, with the exchange rate being set at 1 for 100.

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.

06/12/1947: Introduction of North Korean won

North Korean won is introduced as the official currency of North Korea, replacing the Korean yen at par value.

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