Historic Lao kip Vanuatu vatu

Lao kip vanuatu vatu history for February 2024. The highest quote for this month is 0.005766 (19/02/2024) and the lowest 0.005785 (02/02/2024). The difference between high and low is -0.33.

LAK VUV average rate for February 2024 is 0.00572, the change between 01/02/2024 and 29/02/2024 is -0.91 %.

01 February 20241 LAK = 0.0057 VUV
02 February 20241 LAK = 0.0057 VUV
03 February 20241 LAK = 0.0057 VUV
04 February 20241 LAK = 0.0057 VUV
05 February 20241 LAK = 0.0057 VUV
06 February 20241 LAK = 0.0058 VUV
07 February 20241 LAK = 0.0057 VUV
08 February 20241 LAK = 0.0057 VUV
09 February 20241 LAK = 0.0057 VUV
12 February 20241 LAK = 0.0058 VUV
13 February 20241 LAK = 0.0057 VUV
14 February 20241 LAK = 0.0057 VUV
15 February 20241 LAK = 0.0057 VUV
16 February 20241 LAK = 0.0057 VUV
17 February 20241 LAK = 0.0057 VUV
18 February 20241 LAK = 0.0057 VUV
19 February 20241 LAK = 0.0058 VUV
20 February 20241 LAK = 0.0057 VUV
21 February 20241 LAK = 0.0057 VUV
22 February 20241 LAK = 0.0057 VUV
23 February 20241 LAK = 0.0057 VUV
24 February 20241 LAK = 0.0057 VUV
25 February 20241 LAK = 0.0057 VUV
26 February 20241 LAK = 0.0057 VUV
27 February 20241 LAK = 0.0057 VUV
28 February 20241 LAK = 0.0057 VUV
29 February 20241 LAK = 0.0058 VUV

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.
LAK VUV January 2024
LAK VUV February 2024
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