New Zealand Dollar lao kip exchange rate history (NZD LAK) October 2023

New Zealand Dollar lao kip history for October 2023. The highest quote for this month is 12256.6 (07/10/2023) and the lowest 12256.6 (07/10/2023). The difference between high and low is 0.

NZD LAK average rate for October 2023 is 12089.90357, the change between 01/10/2023 and 31/10/2023 is +0.63 %.

01 October 2023	1 NZD = 12165.60 LAK
02 October 2023	1 NZD = 12109.60 LAK
03 October 2023	1 NZD = 12068.00 LAK
04 October 2023	1 NZD = 12033.90 LAK
05 October 2023	1 NZD = 12091.90 LAK
06 October 2023	1 NZD = 12054.10 LAK
07 October 2023	1 NZD = 12256.60 LAK
09 October 2023	1 NZD = 12047.00 LAK
10 October 2023	1 NZD = 12218.60 LAK
11 October 2023	1 NZD = 12355.70 LAK
12 October 2023	1 NZD = 12324.90 LAK
13 October 2023	1 NZD = 12127.50 LAK
16 October 2023	1 NZD = 12070.00 LAK
17 October 2023	1 NZD = 12171.90 LAK
18 October 2023	1 NZD = 12155.10 LAK
19 October 2023	1 NZD = 11953.10 LAK
20 October 2023	1 NZD = 12071.60 LAK
21 October 2023	1 NZD = 12051.80 LAK
22 October 2023	1 NZD = 12051.10 LAK
23 October 2023	1 NZD = 11910.40 LAK
24 October 2023	1 NZD = 12104.50 LAK
25 October 2023	1 NZD = 12074.00 LAK
26 October 2023	1 NZD = 11960.90 LAK
27 October 2023	1 NZD = 12036.70 LAK
28 October 2023	1 NZD = 12044.00 LAK
29 October 2023	1 NZD = 12044.00 LAK
30 October 2023	1 NZD = 11875.40 LAK
31 October 2023	1 NZD = 12089.40 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.

Historic New Zealand Dollar Lao kip