Lao kip syrian pound exchange rate history (LAK SYP) November 2023

Lao kip syrian pound history for November 2023. The highest quote for this month is 0.63535 (20/11/2023) and the lowest 0.64209 (15/11/2023). The difference between high and low is -1.06.

LAK SYP average rate for November 2023 is 0.63049, the change between 01/11/2023 and 30/11/2023 is -0.22 %.

01 November 2023	1 LAK = 0.6280 SYP
06 November 2023	1 LAK = 0.6396 SYP
07 November 2023	1 LAK = 0.6288 SYP
08 November 2023	1 LAK = 0.6289 SYP
09 November 2023	1 LAK = 0.6280 SYP
10 November 2023	1 LAK = 0.6277 SYP
12 November 2023	1 LAK = 0.6269 SYP
13 November 2023	1 LAK = 0.6358 SYP
14 November 2023	1 LAK = 0.6280 SYP
15 November 2023	1 LAK = 0.6279 SYP
16 November 2023	1 LAK = 0.6286 SYP
17 November 2023	1 LAK = 0.6286 SYP
18 November 2023	1 LAK = 0.6281 SYP
19 November 2023	1 LAK = 0.6281 SYP
20 November 2023	1 LAK = 0.6371 SYP
21 November 2023	1 LAK = 0.6288 SYP
22 November 2023	1 LAK = 0.6292 SYP
23 November 2023	1 LAK = 0.6357 SYP
24 November 2023	1 LAK = 0.6338 SYP
26 November 2023	1 LAK = 0.6284 SYP
27 November 2023	1 LAK = 0.6372 SYP
28 November 2023	1 LAK = 0.6295 SYP
29 November 2023	1 LAK = 0.6294 SYP
30 November 2023	1 LAK = 0.6294 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.