Historic Lao kip Singapore dollar

Lao kip singapore dollar history for February 2024. The highest quote for this month is 0.000066 (13/02/2024) and the lowest 0.000065 (01/02/2024). The difference between high and low is 1.52.

LAK SGD average rate for February 2024 is 0.00006, the change between 01/02/2024 and 29/02/2024 is 0 %.

01 February 20241 LAK = 0.0001 SGD
02 February 20241 LAK = 0.0001 SGD
03 February 20241 LAK = 0.0001 SGD
04 February 20241 LAK = 0.0001 SGD
05 February 20241 LAK = 0.0001 SGD
06 February 20241 LAK = 0.0001 SGD
07 February 20241 LAK = 0.0001 SGD
08 February 20241 LAK = 0.0001 SGD
09 February 20241 LAK = 0.0001 SGD
12 February 20241 LAK = 0.0001 SGD
13 February 20241 LAK = 0.0001 SGD
14 February 20241 LAK = 0.0001 SGD
15 February 20241 LAK = 0.0001 SGD
16 February 20241 LAK = 0.0001 SGD
17 February 20241 LAK = 0.0001 SGD
18 February 20241 LAK = 0.0001 SGD
19 February 20241 LAK = 0.0001 SGD
20 February 20241 LAK = 0.0001 SGD
21 February 20241 LAK = 0.0001 SGD
22 February 20241 LAK = 0.0001 SGD
23 February 20241 LAK = 0.0001 SGD
24 February 20241 LAK = 0.0001 SGD
25 February 20241 LAK = 0.0001 SGD
26 February 20241 LAK = 0.0001 SGD
27 February 20241 LAK = 0.0001 SGD
28 February 20241 LAK = 0.0001 SGD
29 February 20241 LAK = 0.0001 SGD

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.

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.

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