Historic Lao kip Swiss franc

Lao kip swiss franc history for January 2024. The highest quote for this month is 0.000042 (03/01/2024) and the lowest 0.000042 (03/01/2024). The difference between high and low is 0.

LAK CHF average rate for January 2024 is 0.00004, the change between 01/01/2024 and 31/01/2024 is -2.44 %.

01 January 20241 LAK = 0.0000 CHF
02 January 20241 LAK = 0.0000 CHF
03 January 20241 LAK = 0.0000 CHF
04 January 20241 LAK = 0.0000 CHF
05 January 20241 LAK = 0.0000 CHF
08 January 20241 LAK = 0.0000 CHF
09 January 20241 LAK = 0.0000 CHF
10 January 20241 LAK = 0.0000 CHF
11 January 20241 LAK = 0.0000 CHF
12 January 20241 LAK = 0.0000 CHF
14 January 20241 LAK = 0.0000 CHF
15 January 20241 LAK = 0.0000 CHF
16 January 20241 LAK = 0.0000 CHF
17 January 20241 LAK = 0.0000 CHF
18 January 20241 LAK = 0.0000 CHF
19 January 20241 LAK = 0.0000 CHF
22 January 20241 LAK = 0.0000 CHF
23 January 20241 LAK = 0.0000 CHF
24 January 20241 LAK = 0.0000 CHF
25 January 20241 LAK = 0.0000 CHF
26 January 20241 LAK = 0.0000 CHF
28 January 20241 LAK = 0.0000 CHF
29 January 20241 LAK = 0.0000 CHF
30 January 20241 LAK = 0.0000 CHF
31 January 20241 LAK = 0.0000 CHF

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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

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.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

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.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.
LAK CHF July 2023
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