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

Lao kip russian ruble history for December 2023. The highest quote for this month is 0.004564 (22/12/2023) and the lowest 0.004491 (07/12/2023). The difference between high and low is 1.6.

LAK RUB average rate for December 2023 is 0.00443, the change between 01/12/2023 and 31/12/2023 is +1.89 %.

01 December 2023	1 LAK = 0.0044 RUB
02 December 2023	1 LAK = 0.0044 RUB
03 December 2023	1 LAK = 0.0044 RUB
04 December 2023	1 LAK = 0.0045 RUB
05 December 2023	1 LAK = 0.0044 RUB
06 December 2023	1 LAK = 0.0044 RUB
07 December 2023	1 LAK = 0.0045 RUB
08 December 2023	1 LAK = 0.0045 RUB
10 December 2023	1 LAK = 0.0044 RUB
11 December 2023	1 LAK = 0.0045 RUB
12 December 2023	1 LAK = 0.0044 RUB
13 December 2023	1 LAK = 0.0044 RUB
14 December 2023	1 LAK = 0.0043 RUB
15 December 2023	1 LAK = 0.0043 RUB
16 December 2023	1 LAK = 0.0044 RUB
17 December 2023	1 LAK = 0.0044 RUB
18 December 2023	1 LAK = 0.0044 RUB
19 December 2023	1 LAK = 0.0044 RUB
20 December 2023	1 LAK = 0.0044 RUB
21 December 2023	1 LAK = 0.0044 RUB
22 December 2023	1 LAK = 0.0045 RUB
23 December 2023	1 LAK = 0.0045 RUB
24 December 2023	1 LAK = 0.0045 RUB
25 December 2023	1 LAK = 0.0045 RUB
26 December 2023	1 LAK = 0.0045 RUB
27 December 2023	1 LAK = 0.0045 RUB
28 December 2023	1 LAK = 0.0044 RUB
29 December 2023	1 LAK = 0.0043 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.