Burmese kyat lao kip exchange rate history (MMK LAK) October 2023

Burmese kyat lao kip history for October 2023. The highest quote for this month is 9.939 (30/10/2023) and the lowest 9.89 (28/10/2023). The difference between high and low is 0.49.

MMK LAK average rate for October 2023 is 9.84489, the change between 01/10/2023 and 31/10/2023 is -2.85 %.

01 October 2023	1 MMK = 9.69 LAK
02 October 2023	1 MMK = 9.69 LAK
03 October 2023	1 MMK = 9.76 LAK
04 October 2023	1 MMK = 9.78 LAK
05 October 2023	1 MMK = 9.84 LAK
06 October 2023	1 MMK = 9.74 LAK
07 October 2023	1 MMK = 9.77 LAK
09 October 2023	1 MMK = 9.74 LAK
10 October 2023	1 MMK = 9.75 LAK
11 October 2023	1 MMK = 9.83 LAK
12 October 2023	1 MMK = 9.85 LAK
13 October 2023	1 MMK = 9.85 LAK
16 October 2023	1 MMK = 9.82 LAK
17 October 2023	1 MMK = 9.92 LAK
18 October 2023	1 MMK = 9.93 LAK
19 October 2023	1 MMK = 9.82 LAK
20 October 2023	1 MMK = 9.94 LAK
21 October 2023	1 MMK = 9.87 LAK
22 October 2023	1 MMK = 9.87 LAK
23 October 2023	1 MMK = 9.85 LAK
24 October 2023	1 MMK = 9.95 LAK
25 October 2023	1 MMK = 9.93 LAK
26 October 2023	1 MMK = 9.93 LAK
27 October 2023	1 MMK = 9.93 LAK
28 October 2023	1 MMK = 9.89 LAK
29 October 2023	1 MMK = 9.89 LAK
30 October 2023	1 MMK = 9.86 LAK
31 October 2023	1 MMK = 9.96 LAK

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

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.

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

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.

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate based on market forces.

02/07/1997: Lao kip devalued

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

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

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.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.

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 Burmese kyat Lao kip