Historic New Zealand Dollar Lao kip

New Zealand Dollar lao kip history for November 2023. The highest quote for this month is 12675 (29/11/2023) and the lowest 12648.5 (30/11/2023). The difference between high and low is 0.21.

NZD LAK average rate for November 2023 is 12343.56154, the change between 01/11/2023 and 30/11/2023 is -5.77 %.

01 November 20231 NZD = 12021.30 LAK
02 November 20231 NZD = 12172.30 LAK
03 November 20231 NZD = 12069.70 LAK
06 November 20231 NZD = 12187.10 LAK
07 November 20231 NZD = 12328.50 LAK
08 November 20231 NZD = 12269.70 LAK
09 November 20231 NZD = 12237.90 LAK
10 November 20231 NZD = 12196.70 LAK
12 November 20231 NZD = 12239.90 LAK
13 November 20231 NZD = 12051.90 LAK
14 November 20231 NZD = 12177.60 LAK
15 November 20231 NZD = 12432.30 LAK
16 November 20231 NZD = 12467.70 LAK
17 November 20231 NZD = 12336.30 LAK
18 November 20231 NZD = 12401.60 LAK
19 November 20231 NZD = 12402.30 LAK
20 November 20231 NZD = 12236.20 LAK
21 November 20231 NZD = 12487.30 LAK
22 November 20231 NZD = 12507.90 LAK
23 November 20231 NZD = 12313.40 LAK
24 November 20231 NZD = 12406.30 LAK
26 November 20231 NZD = 12575.70 LAK
27 November 20231 NZD = 12398.60 LAK
28 November 20231 NZD = 12604.80 LAK
29 November 20231 NZD = 12694.60 LAK
30 November 20231 NZD = 12715.00 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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