Historic Namibian dollar Lao kip

Namibian dollar lao kip history for February 2024. The highest quote for this month is 1115.78 (01/02/2024) and the lowest 1117.25 (03/02/2024). The difference between high and low is -0.13.

NAD LAK average rate for February 2024 is 1092.39222, the change between 01/02/2024 and 29/02/2024 is +4.3 %.

01 February 20241 NAD = 1113.35 LAK
02 February 20241 NAD = 1114.58 LAK
03 February 20241 NAD = 1097.27 LAK
04 February 20241 NAD = 1097.17 LAK
05 February 20241 NAD = 1114.82 LAK
06 February 20241 NAD = 1080.13 LAK
07 February 20241 NAD = 1103.29 LAK
08 February 20241 NAD = 1100.00 LAK
09 February 20241 NAD = 1095.99 LAK
12 February 20241 NAD = 1081.91 LAK
13 February 20241 NAD = 1093.06 LAK
14 February 20241 NAD = 1086.73 LAK
15 February 20241 NAD = 1092.39 LAK
16 February 20241 NAD = 1098.10 LAK
17 February 20241 NAD = 1104.97 LAK
18 February 20241 NAD = 1103.28 LAK
19 February 20241 NAD = 1087.74 LAK
20 February 20241 NAD = 1092.68 LAK
21 February 20241 NAD = 1099.95 LAK
22 February 20241 NAD = 1100.48 LAK
23 February 20241 NAD = 1085.25 LAK
24 February 20241 NAD = 1078.88 LAK
25 February 20241 NAD = 1079.17 LAK
26 February 20241 NAD = 1074.89 LAK
27 February 20241 NAD = 1076.46 LAK
28 February 20241 NAD = 1076.56 LAK
29 February 20241 NAD = 1065.49 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.

26/01/2016: New N$100 and N$200 Banknotes Introduced

Namibia introduced new banknotes of N$100 and N$200 denominations to address the need for higher-value currency in the growing economy.

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.

30/08/2012: Introduction of N$10 Commemorative Banknote

Namibia introduced a commemorative banknote of N$10 to celebrate the centenary of the country's struggle for independence.

27/10/2008: Financial Crisis Impact

Due to the global financial crisis, the Namibian dollar experienced a depreciation against major currencies, affecting the country's economy.

01/01/2002: Replacement of Old Banknotes

Old banknotes of the Namibian dollar were demonetized, and new banknotes became the only valid currency.

01/06/1999: Introduction of New Banknotes and Coins

New series of banknotes and coins were introduced in Namibia, featuring indigenous wildlife and cultural symbols.

02/07/1997: Lao kip devalued

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

30/08/1993: Dollarization of Namibia

Namibia adopted the Namibian dollar as its sole legal tender, replacing the South African rand as the official currency.

21/03/1990: Independence of Namibia

Namibia gained independence from South Africa, leading to the introduction of the Namibian dollar as the official currency of the newly established country.

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.
NAD LAK January 2024
NAD LAK February 2024
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NAD LAK January 2025