Historic New Zealand Dollar Lao kip

New Zealand Dollar lao kip history for February 2024. The highest quote for this month is 12909.5 (24/02/2024) and the lowest 12923.9 (25/02/2024). The difference between high and low is -0.11.

NZD LAK average rate for February 2024 is 12713.62593, the change between 01/02/2024 and 29/02/2024 is +0.62 %.

01 February 20241 NZD = 12636.40 LAK
02 February 20241 NZD = 12733.90 LAK
03 February 20241 NZD = 12579.00 LAK
04 February 20241 NZD = 12585.90 LAK
05 February 20241 NZD = 12568.30 LAK
06 February 20241 NZD = 12468.20 LAK
07 February 20241 NZD = 12672.30 LAK
08 February 20241 NZD = 12701.80 LAK
09 February 20241 NZD = 12692.20 LAK
12 February 20241 NZD = 12650.70 LAK
13 February 20241 NZD = 12739.90 LAK
14 February 20241 NZD = 12600.30 LAK
15 February 20241 NZD = 12674.60 LAK
16 February 20241 NZD = 12723.50 LAK
17 February 20241 NZD = 12757.00 LAK
18 February 20241 NZD = 12761.70 LAK
19 February 20241 NZD = 12655.40 LAK
20 February 20241 NZD = 12665.30 LAK
21 February 20241 NZD = 12829.80 LAK
22 February 20241 NZD = 12861.20 LAK
23 February 20241 NZD = 12895.50 LAK
24 February 20241 NZD = 12909.50 LAK
25 February 20241 NZD = 12919.90 LAK
26 February 20241 NZD = 12755.20 LAK
27 February 20241 NZD = 12832.50 LAK
28 February 20241 NZD = 12840.40 LAK
29 February 20241 NZD = 12557.50 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.
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