Historic New Zealand Dollar Lao kip

New Zealand Dollar lao kip history for August 2023. The highest quote for this month is 11754.8 (01/08/2023) and the lowest 11780.3 (01/08/2023). The difference between high and low is -0.22.

NZD LAK average rate for August 2023 is 11532.88, the change between 01/08/2023 and 31/08/2023 is +2.08 %.

01 August 20231 NZD = 11804.80 LAK
02 August 20231 NZD = 11668.80 LAK
03 August 20231 NZD = 11669.50 LAK
04 August 20231 NZD = 11587.00 LAK
07 August 20231 NZD = 11639.70 LAK
08 August 20231 NZD = 11715.00 LAK
09 August 20231 NZD = 11623.70 LAK
10 August 20231 NZD = 11644.90 LAK
11 August 20231 NZD = 11552.10 LAK
12 August 20231 NZD = 11597.00 LAK
14 August 20231 NZD = 11540.00 LAK
15 August 20231 NZD = 11411.80 LAK
16 August 20231 NZD = 11390.50 LAK
17 August 20231 NZD = 11370.30 LAK
18 August 20231 NZD = 11389.60 LAK
20 August 20231 NZD = 11374.10 LAK
21 August 20231 NZD = 11395.40 LAK
22 August 20231 NZD = 11444.30 LAK
23 August 20231 NZD = 11462.50 LAK
24 August 20231 NZD = 11527.40 LAK
25 August 20231 NZD = 11454.40 LAK
28 August 20231 NZD = 11463.10 LAK
29 August 20231 NZD = 11465.30 LAK
30 August 20231 NZD = 11571.00 LAK
31 August 20231 NZD = 11559.80 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.

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

02/07/1997: Lao kip devalued

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

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

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.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

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.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.
NZD LAK July 2023
NZD LAK August 2023
NZD LAK September 2023
NZD LAK October 2023
NZD LAK November 2023
NZD LAK December 2023
NZD LAK January 2024
NZD LAK February 2024
NZD LAK March 2024
NZD LAK April 2024
NZD LAK May 2024
NZD LAK June 2024
NZD LAK July 2024