Historic North Korean won Lao kip

North Korean won lao kip history for February 2024. The highest quote for this month is 23.147 (24/02/2024) and the lowest 23.147 (24/02/2024). The difference between high and low is 0.

KPW LAK average rate for February 2024 is 23.05078, the change between 01/02/2024 and 29/02/2024 is +0.38 %.

01 February 20241 KPW = 22.97 LAK
02 February 20241 KPW = 23.02 LAK
03 February 20241 KPW = 23.04 LAK
04 February 20241 KPW = 23.04 LAK
05 February 20241 KPW = 23.03 LAK
06 February 20241 KPW = 22.89 LAK
07 February 20241 KPW = 23.08 LAK
08 February 20241 KPW = 23.10 LAK
09 February 20241 KPW = 23.09 LAK
12 February 20241 KPW = 22.86 LAK
13 February 20241 KPW = 23.10 LAK
14 February 20241 KPW = 23.11 LAK
15 February 20241 KPW = 23.12 LAK
16 February 20241 KPW = 23.13 LAK
17 February 20241 KPW = 23.14 LAK
18 February 20241 KPW = 23.14 LAK
19 February 20241 KPW = 22.92 LAK
20 February 20241 KPW = 22.91 LAK
21 February 20241 KPW = 23.11 LAK
22 February 20241 KPW = 23.12 LAK
23 February 20241 KPW = 23.13 LAK
24 February 20241 KPW = 23.15 LAK
25 February 20241 KPW = 23.15 LAK
26 February 20241 KPW = 22.91 LAK
27 February 20241 KPW = 23.12 LAK
28 February 20241 KPW = 23.12 LAK
29 February 20241 KPW = 22.88 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.

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.

01/07/2013: Exchange rate unification

North Korea unifies the official exchange rate and market rate, resulting in a significant depreciation of the won.

30/11/2009: Currency revaluation

North Korean government announces a currency revaluation, replacing the old won notes at a ratio of 1 for 100.

01/12/2001: Currency redenomination

North Korean won is redenominated, with the previous notes and coins being replaced by new ones at a ratio of 1 for 1,000.

02/07/1997: Lao kip devalued

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

25/02/1992: Introducing foreign exchange certificates

North Korea introduces foreign exchange certificates to counter hyperinflation and stabilize its economy.

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.

06/12/1979: Second major revaluation

North Korean won undergoes its second major revaluation, with the exchange rate being set at 1 for 10.

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.

31/12/1959: First major revaluation

North Korean won undergoes its first major revaluation, with the exchange rate being set at 1 for 100.

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.

06/12/1947: Introduction of North Korean won

North Korean won is introduced as the official currency of North Korea, replacing the Korean yen at par value.

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.
KPW LAK January 2024
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