Historic Lao kip Rwandan franc

Lao kip rwandan franc history for February 2024. The highest quote for this month is 0.061704 (27/02/2024) and the lowest 0.061211 (02/02/2024). The difference between high and low is 0.8.

LAK RWF average rate for February 2024 is 0.06082, the change between 01/02/2024 and 29/02/2024 is -0.21 %.

01 February 20241 LAK = 0.0610 RWF
02 February 20241 LAK = 0.0608 RWF
03 February 20241 LAK = 0.0609 RWF
04 February 20241 LAK = 0.0609 RWF
05 February 20241 LAK = 0.0612 RWF
06 February 20241 LAK = 0.0611 RWF
07 February 20241 LAK = 0.0608 RWF
08 February 20241 LAK = 0.0608 RWF
09 February 20241 LAK = 0.0607 RWF
12 February 20241 LAK = 0.0610 RWF
13 February 20241 LAK = 0.0608 RWF
14 February 20241 LAK = 0.0608 RWF
15 February 20241 LAK = 0.0602 RWF
16 February 20241 LAK = 0.0601 RWF
17 February 20241 LAK = 0.0608 RWF
18 February 20241 LAK = 0.0608 RWF
19 February 20241 LAK = 0.0611 RWF
20 February 20241 LAK = 0.0611 RWF
21 February 20241 LAK = 0.0602 RWF
22 February 20241 LAK = 0.0602 RWF
23 February 20241 LAK = 0.0603 RWF
24 February 20241 LAK = 0.0608 RWF
25 February 20241 LAK = 0.0608 RWF
26 February 20241 LAK = 0.0611 RWF
27 February 20241 LAK = 0.0608 RWF
28 February 20241 LAK = 0.0618 RWF
29 February 20241 LAK = 0.0612 RWF

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.

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

02/07/1997: Lao kip devalued

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

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

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.
LAK RWF January 2024
LAK RWF February 2024
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LAK RWF January 2025