Historic Macedonian Denar Lao kip

Macedonian Denar lao kip history for February 2024. The highest quote for this month is 369.44 (01/02/2024) and the lowest 369.25 (27/02/2024). The difference between high and low is 0.05.

MKD LAK average rate for February 2024 is 366.37667, the change between 01/02/2024 and 29/02/2024 is +0.14 %.

01 February 20241 MKD = 365.5 LAK
02 February 20241 MKD = 368.3 LAK
03 February 20241 MKD = 365.3 LAK
04 February 20241 MKD = 365.3 LAK
05 February 20241 MKD = 369.3 LAK
06 February 20241 MKD = 362.3 LAK
07 February 20241 MKD = 365.3 LAK
08 February 20241 MKD = 366.8 LAK
09 February 20241 MKD = 366.2 LAK
12 February 20241 MKD = 366.0 LAK
13 February 20241 MKD = 366.7 LAK
14 February 20241 MKD = 364.2 LAK
15 February 20241 MKD = 365.6 LAK
16 February 20241 MKD = 366.7 LAK
17 February 20241 MKD = 365.1 LAK
18 February 20241 MKD = 365.1 LAK
19 February 20241 MKD = 363.4 LAK
20 February 20241 MKD = 363.4 LAK
21 February 20241 MKD = 370.5 LAK
22 February 20241 MKD = 368.1 LAK
23 February 20241 MKD = 368.2 LAK
24 February 20241 MKD = 366.7 LAK
25 February 20241 MKD = 366.7 LAK
26 February 20241 MKD = 368.5 LAK
27 February 20241 MKD = 369.1 LAK
28 February 20241 MKD = 369.0 LAK
29 February 20241 MKD = 365.0 LAK

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.

01/07/2020: Euro as legal tender

North Macedonia officially adopted the Euro as its currency, replacing the Macedonian Denar for all monetary transactions.

15/05/2018: Denar's symbol adoption

The official symbol for the Macedonian Denar (den) was adopted, representing the currency in both domestic and international transactions.

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.

10/10/2005: Denar's full Euro peg

The Macedonian Denar was fully pegged to the Euro at a fixed exchange rate of 61.5 Denars to 1 Euro.

29/04/2003: Replacement of banknotes

New series of banknotes with enhanced security features were introduced, replacing the older versions.

05/11/2001: Denar's devaluation

Due to the political crisis in Macedonia, the Denar underwent a significant devaluation, losing around 40% of its value against the Euro.

02/07/1997: Lao kip devalued

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

15/05/1995: Denar's peg to the German Mark

The Macedonian Denar was pegged to the German Mark at a rate of 1 Denar to 1.5 Deutsche Mark, establishing a stable exchange rate.

26/11/1992: Introduction of the Macedonian Denar

The Macedonian Denar was introduced as the official currency of the Republic of Macedonia following its declaration of independence from Yugoslavia.

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.
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