Historic North Korean won Lao kip

North Korean won lao kip history for January 2024. The highest quote for this month is 22.996 (28/01/2024) and the lowest 22.996 (28/01/2024). The difference between high and low is 0.

KPW LAK average rate for January 2024 is 22.82248, the change between 01/01/2024 and 31/01/2024 is -1.6 %.

01 January 20241 KPW = 22.61 LAK
02 January 20241 KPW = 22.63 LAK
03 January 20241 KPW = 22.78 LAK
04 January 20241 KPW = 22.78 LAK
05 January 20241 KPW = 22.88 LAK
06 January 20241 KPW = 22.88 LAK
07 January 20241 KPW = 22.88 LAK
08 January 20241 KPW = 22.58 LAK
09 January 20241 KPW = 22.87 LAK
10 January 20241 KPW = 22.64 LAK
11 January 20241 KPW = 22.87 LAK
12 January 20241 KPW = 22.86 LAK
14 January 20241 KPW = 22.88 LAK
15 January 20241 KPW = 22.63 LAK
16 January 20241 KPW = 22.65 LAK
17 January 20241 KPW = 22.70 LAK
18 January 20241 KPW = 22.93 LAK
19 January 20241 KPW = 22.93 LAK
22 January 20241 KPW = 22.70 LAK
23 January 20241 KPW = 22.93 LAK
24 January 20241 KPW = 22.94 LAK
25 January 20241 KPW = 22.97 LAK
26 January 20241 KPW = 22.96 LAK
28 January 20241 KPW = 23.00 LAK
29 January 20241 KPW = 22.79 LAK
30 January 20241 KPW = 22.97 LAK
31 January 20241 KPW = 22.97 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
KPW LAK February 2024
KPW LAK March 2024
KPW LAK April 2024
KPW LAK May 2024
KPW LAK June 2024
KPW LAK July 2024
KPW LAK August 2024
KPW LAK September 2024
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KPW LAK November 2024
KPW LAK December 2024
KPW LAK January 2025