Lao kip arab emirates dirham exchange rate history (LAK AED) October 2023

Lao kip arab emirates dirham history for October 2023. The highest quote for this month is 0.000181 (01/10/2023) and the lowest 0.000182 (02/10/2023). The difference between high and low is -0.55.

LAK AED average rate for October 2023 is 0.00018, the change between 01/10/2023 and 31/10/2023 is +2.21 %.

01 October 2023	1 LAK = 0.0002 AED
02 October 2023	1 LAK = 0.0002 AED
03 October 2023	1 LAK = 0.0002 AED
04 October 2023	1 LAK = 0.0002 AED
05 October 2023	1 LAK = 0.0002 AED
06 October 2023	1 LAK = 0.0002 AED
07 October 2023	1 LAK = 0.0002 AED
09 October 2023	1 LAK = 0.0002 AED
10 October 2023	1 LAK = 0.0002 AED
11 October 2023	1 LAK = 0.0002 AED
12 October 2023	1 LAK = 0.0002 AED
13 October 2023	1 LAK = 0.0002 AED
16 October 2023	1 LAK = 0.0002 AED
17 October 2023	1 LAK = 0.0002 AED
18 October 2023	1 LAK = 0.0002 AED
19 October 2023	1 LAK = 0.0002 AED
20 October 2023	1 LAK = 0.0002 AED
21 October 2023	1 LAK = 0.0002 AED
22 October 2023	1 LAK = 0.0002 AED
23 October 2023	1 LAK = 0.0002 AED
24 October 2023	1 LAK = 0.0002 AED
25 October 2023	1 LAK = 0.0002 AED
26 October 2023	1 LAK = 0.0002 AED
27 October 2023	1 LAK = 0.0002 AED
28 October 2023	1 LAK = 0.0002 AED
29 October 2023	1 LAK = 0.0002 AED
30 October 2023	1 LAK = 0.0002 AED
31 October 2023	1 LAK = 0.0002 AED

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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

02/07/1997: Lao kip devalued

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

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

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.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

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.

Historic Lao kip Arab Emirates Dirham