Lao kip russian ruble exchange rate history (LAK RUB) August 2023

Lao kip russian ruble history for August 2023. The highest quote for this month is 0.0053 (14/08/2023) and the lowest 0.005118 (14/08/2023). The difference between high and low is 3.43.

LAK RUB average rate for August 2023 is 0.00496, the change between 01/08/2023 and 31/08/2023 is -2.93 %.

01 August 2023	1 LAK = 0.0048 RUB
02 August 2023	1 LAK = 0.0049 RUB
03 August 2023	1 LAK = 0.0049 RUB
04 August 2023	1 LAK = 0.0050 RUB
07 August 2023	1 LAK = 0.0050 RUB
08 August 2023	1 LAK = 0.0050 RUB
09 August 2023	1 LAK = 0.0051 RUB
10 August 2023	1 LAK = 0.0050 RUB
11 August 2023	1 LAK = 0.0050 RUB
12 August 2023	1 LAK = 0.0051 RUB
14 August 2023	1 LAK = 0.0052 RUB
15 August 2023	1 LAK = 0.0051 RUB
16 August 2023	1 LAK = 0.0052 RUB
17 August 2023	1 LAK = 0.0049 RUB
18 August 2023	1 LAK = 0.0049 RUB
19 August 2023	1 LAK = 0.0049 RUB
20 August 2023	1 LAK = 0.0048 RUB
21 August 2023	1 LAK = 0.0050 RUB
22 August 2023	1 LAK = 0.0048 RUB
23 August 2023	1 LAK = 0.0049 RUB
24 August 2023	1 LAK = 0.0049 RUB
25 August 2023	1 LAK = 0.0049 RUB
28 August 2023	1 LAK = 0.0049 RUB
29 August 2023	1 LAK = 0.0049 RUB
30 August 2023	1 LAK = 0.0049 RUB
31 August 2023	1 LAK = 0.0050 RUB

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.

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.