Historic Lao kip Syrian Pound

Lao kip syrian pound history for February 2024. The highest quote for this month is 0.63083 (13/02/2024) and the lowest 0.63685 (02/02/2024). The difference between high and low is -0.95.

LAK SYP average rate for February 2024 is 0.62665, the change between 01/02/2024 and 29/02/2024 is -0.38 %.

01 February 20241 LAK = 0.6288 SYP
02 February 20241 LAK = 0.6274 SYP
03 February 20241 LAK = 0.6270 SYP
04 February 20241 LAK = 0.6270 SYP
05 February 20241 LAK = 0.6273 SYP
06 February 20241 LAK = 0.6311 SYP
07 February 20241 LAK = 0.6258 SYP
08 February 20241 LAK = 0.6253 SYP
09 February 20241 LAK = 0.6256 SYP
12 February 20241 LAK = 0.6318 SYP
13 February 20241 LAK = 0.6253 SYP
14 February 20241 LAK = 0.6250 SYP
15 February 20241 LAK = 0.6247 SYP
16 February 20241 LAK = 0.6244 SYP
17 February 20241 LAK = 0.6243 SYP
18 February 20241 LAK = 0.6243 SYP
19 February 20241 LAK = 0.6304 SYP
20 February 20241 LAK = 0.6305 SYP
21 February 20241 LAK = 0.6250 SYP
22 February 20241 LAK = 0.6247 SYP
23 February 20241 LAK = 0.6246 SYP
24 February 20241 LAK = 0.6240 SYP
25 February 20241 LAK = 0.6240 SYP
26 February 20241 LAK = 0.6306 SYP
27 February 20241 LAK = 0.6248 SYP
28 February 20241 LAK = 0.6247 SYP
29 February 20241 LAK = 0.6312 SYP

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.