Historic Lao kip Pakistani rupee

Lao kip pakistani rupee history for February 2024. The highest quote for this month is 0.013494 (13/02/2024) and the lowest 0.013501 (03/02/2024). The difference between high and low is -0.05.

LAK PKR average rate for February 2024 is 0.01342, the change between 01/02/2024 and 29/02/2024 is +0.35 %.

01 February 20241 LAK = 0.0135 PKR
02 February 20241 LAK = 0.0135 PKR
03 February 20241 LAK = 0.0135 PKR
04 February 20241 LAK = 0.0135 PKR
05 February 20241 LAK = 0.0134 PKR
06 February 20241 LAK = 0.0134 PKR
07 February 20241 LAK = 0.0134 PKR
08 February 20241 LAK = 0.0134 PKR
09 February 20241 LAK = 0.0134 PKR
12 February 20241 LAK = 0.0134 PKR
13 February 20241 LAK = 0.0134 PKR
14 February 20241 LAK = 0.0134 PKR
15 February 20241 LAK = 0.0134 PKR
16 February 20241 LAK = 0.0134 PKR
17 February 20241 LAK = 0.0134 PKR
18 February 20241 LAK = 0.0134 PKR
19 February 20241 LAK = 0.0135 PKR
20 February 20241 LAK = 0.0134 PKR
21 February 20241 LAK = 0.0134 PKR
22 February 20241 LAK = 0.0134 PKR
23 February 20241 LAK = 0.0134 PKR
24 February 20241 LAK = 0.0134 PKR
25 February 20241 LAK = 0.0134 PKR
26 February 20241 LAK = 0.0135 PKR
27 February 20241 LAK = 0.0133 PKR
28 February 20241 LAK = 0.0134 PKR
29 February 20241 LAK = 0.0135 PKR

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.

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

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.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

02/07/1997: Lao kip devalued

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

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.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

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.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.

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