Historic New Zealand Dollar Lao kip

New Zealand Dollar lao kip history for January 2024. The highest quote for this month is 12879.3 (01/01/2024) and the lowest 12879 (01/01/2024). The difference between high and low is 0.

NZD LAK average rate for January 2024 is 12710.50741, the change between 01/01/2024 and 31/01/2024 is +1.42 %.

01 January 20241 NZD = 12860.60 LAK
02 January 20241 NZD = 12863.30 LAK
03 January 20241 NZD = 12812.50 LAK
04 January 20241 NZD = 12815.10 LAK
05 January 20241 NZD = 12830.20 LAK
06 January 20241 NZD = 12853.70 LAK
07 January 20241 NZD = 12871.30 LAK
08 January 20241 NZD = 12696.80 LAK
09 January 20241 NZD = 12866.20 LAK
10 January 20241 NZD = 12709.90 LAK
11 January 20241 NZD = 12820.50 LAK
12 January 20241 NZD = 12843.60 LAK
14 January 20241 NZD = 12864.80 LAK
15 January 20241 NZD = 12696.80 LAK
16 January 20241 NZD = 12621.50 LAK
17 January 20241 NZD = 12546.60 LAK
18 January 20241 NZD = 12618.10 LAK
19 January 20241 NZD = 12632.20 LAK
22 January 20241 NZD = 12501.90 LAK
23 January 20241 NZD = 12533.50 LAK
24 January 20241 NZD = 12603.50 LAK
25 January 20241 NZD = 12626.40 LAK
26 January 20241 NZD = 12624.00 LAK
28 January 20241 NZD = 12614.90 LAK
29 January 20241 NZD = 12497.60 LAK
30 January 20241 NZD = 12680.70 LAK
31 January 20241 NZD = 12677.50 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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