Historic Namibian dollar Lao kip

Namibian dollar lao kip history for January 2024. The highest quote for this month is 1106.99 (14/01/2024) and the lowest 1108.19 (01/01/2024). The difference between high and low is -0.11.

NAD LAK average rate for January 2024 is 1095.10704, the change between 01/01/2024 and 31/01/2024 is +0.73 %.

01 January 20241 NAD = 1107.18 LAK
02 January 20241 NAD = 1099.81 LAK
03 January 20241 NAD = 1106.91 LAK
04 January 20241 NAD = 1104.53 LAK
05 January 20241 NAD = 1101.66 LAK
06 January 20241 NAD = 1095.13 LAK
07 January 20241 NAD = 1102.60 LAK
08 January 20241 NAD = 1087.73 LAK
09 January 20241 NAD = 1101.71 LAK
10 January 20241 NAD = 1090.69 LAK
11 January 20241 NAD = 1107.05 LAK
12 January 20241 NAD = 1102.04 LAK
14 January 20241 NAD = 1106.99 LAK
15 January 20241 NAD = 1091.07 LAK
16 January 20241 NAD = 1092.01 LAK
17 January 20241 NAD = 1094.92 LAK
18 January 20241 NAD = 1083.46 LAK
19 January 20241 NAD = 1083.46 LAK
22 January 20241 NAD = 1081.14 LAK
23 January 20241 NAD = 1075.86 LAK
24 January 20241 NAD = 1076.64 LAK
25 January 20241 NAD = 1093.07 LAK
26 January 20241 NAD = 1094.54 LAK
28 January 20241 NAD = 1102.64 LAK
29 January 20241 NAD = 1086.43 LAK
30 January 20241 NAD = 1099.47 LAK
31 January 20241 NAD = 1099.15 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
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NAD LAK January 2025