Macedonian Denar lao kip exchange rate history (MKD LAK) October 2023

Macedonian Denar lao kip history for October 2023. The highest quote for this month is 357.81 (24/10/2023) and the lowest 358.08 (23/10/2023). The difference between high and low is -0.08.

MKD LAK average rate for October 2023 is 354.39179, the change between 01/10/2023 and 31/10/2023 is -2.36 %.

01 October 2023	1 MKD = 350.9 LAK
02 October 2023	1 MKD = 353.3 LAK
03 October 2023	1 MKD = 348.5 LAK
04 October 2023	1 MKD = 348.9 LAK
05 October 2023	1 MKD = 351.5 LAK
06 October 2023	1 MKD = 348.9 LAK
07 October 2023	1 MKD = 352.8 LAK
09 October 2023	1 MKD = 353.4 LAK
10 October 2023	1 MKD = 350.6 LAK
11 October 2023	1 MKD = 355.2 LAK
12 October 2023	1 MKD = 356.2 LAK
13 October 2023	1 MKD = 353.4 LAK
16 October 2023	1 MKD = 351.3 LAK
17 October 2023	1 MKD = 356.1 LAK
18 October 2023	1 MKD = 356.6 LAK
19 October 2023	1 MKD = 351.8 LAK
20 October 2023	1 MKD = 358.0 LAK
21 October 2023	1 MKD = 355.9 LAK
22 October 2023	1 MKD = 355.9 LAK
23 October 2023	1 MKD = 354.2 LAK
24 October 2023	1 MKD = 360.8 LAK
25 October 2023	1 MKD = 358.3 LAK
26 October 2023	1 MKD = 357.2 LAK
27 October 2023	1 MKD = 357.3 LAK
28 October 2023	1 MKD = 356.8 LAK
29 October 2023	1 MKD = 356.8 LAK
30 October 2023	1 MKD = 353.6 LAK
31 October 2023	1 MKD = 359.2 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.

Historic Macedonian Denar Lao kip