Historic Lao kip Philippine peso

Lao kip philippine peso history for February 2024. The highest quote for this month is 0.002727 (13/02/2024) and the lowest 0.002718 (02/02/2024). The difference between high and low is 0.33.

LAK PHP average rate for February 2024 is 0.0027, the change between 01/02/2024 and 29/02/2024 is -0.59 %.

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

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.

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.

11/09/1970: Introduction of the New Peso

The New Central Bank Act is enacted, leading to the introduction of a new currency called the New Peso, with a conversion rate of 1 New Peso to 2 old pesos.

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.

04/07/1949: Central Bank of the Philippines

The Central Bank of the Philippines is established with the task of issuing and managing the Philippine currency.

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.

20/10/1944: Introduction of the Philippine Liberation Peso

The United States-issued Philippine Liberation Peso is introduced to replace the Japanese-issued currency, serving as a transitional currency.

02/01/1942: Japanese Occupation

During World War II, the Japanese forces occupy the Philippines and introduce the Japanese-issued Philippine peso, known as Mickey Mouse money.

24/12/1933: Introduction of the Commonwealth Peso

The Commonwealth Act No. 265 is passed, creating a new Philippine currency called the Commonwealth Peso to replace the previous Peso.

12/06/1898: Philippine Independence

The Philippines declares independence from Spanish rule, leading to the establishment of the First Philippine Republic and the issuance of new currency.

01/05/1852: Introduction of the Peso

The Spanish colonial government issues the first official currency of the Philippines, known as the Peso, with a conversion rate of 2 Spanish reales to 1 Peso.
LAK PHP January 2024
LAK PHP February 2024
LAK PHP March 2024
LAK PHP April 2024
LAK PHP May 2024
LAK PHP June 2024
LAK PHP July 2024
LAK PHP August 2024
LAK PHP September 2024
LAK PHP October 2024
LAK PHP November 2024
LAK PHP December 2024
LAK PHP January 2025