Historic Maldivian rufiyaa Lao kip

Maldivian rufiyaa lao kip history for December 2023. The highest quote for this month is 1361.18 (07/12/2023) and the lowest 1353.95 (26/12/2023). The difference between high and low is 0.53.

MVR LAK average rate for December 2023 is 1345.59893, the change between 01/12/2023 and 31/12/2023 is -0.03 %.

01 December 20231 MVR = 1345.63 LAK
02 December 20231 MVR = 1341.44 LAK
03 December 20231 MVR = 1341.44 LAK
04 December 20231 MVR = 1345.32 LAK
05 December 20231 MVR = 1357.52 LAK
06 December 20231 MVR = 1358.97 LAK
07 December 20231 MVR = 1350.01 LAK
08 December 20231 MVR = 1359.63 LAK
10 December 20231 MVR = 1343.06 LAK
11 December 20231 MVR = 1350.41 LAK
12 December 20231 MVR = 1359.16 LAK
13 December 20231 MVR = 1346.27 LAK
14 December 20231 MVR = 1353.08 LAK
15 December 20231 MVR = 1352.13 LAK
16 December 20231 MVR = 1333.20 LAK
17 December 20231 MVR = 1333.20 LAK
18 December 20231 MVR = 1341.05 LAK
19 December 20231 MVR = 1336.37 LAK
20 December 20231 MVR = 1342.62 LAK
21 December 20231 MVR = 1347.54 LAK
22 December 20231 MVR = 1349.51 LAK
23 December 20231 MVR = 1332.68 LAK
24 December 20231 MVR = 1332.68 LAK
25 December 20231 MVR = 1339.36 LAK
26 December 20231 MVR = 1340.26 LAK
27 December 20231 MVR = 1345.90 LAK
28 December 20231 MVR = 1352.30 LAK
29 December 20231 MVR = 1346.03 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.

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

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.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

02/07/1997: Lao kip devalued

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

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

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.

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.

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.
MVR LAK August 2023
MVR LAK September 2023
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