Pakistani rupee lao kip exchange rate history (PKR LAK) December 2023

Pakistani rupee lao kip history for December 2023. The highest quote for this month is 73.993 (26/12/2023) and the lowest 74.018 (26/12/2023). The difference between high and low is -0.03.

PKR LAK average rate for December 2023 is 72.80136, the change between 01/12/2023 and 31/12/2023 is -0.96 %.

01 December 2023	1 PKR = 72.13 LAK
02 December 2023	1 PKR = 72.64 LAK
03 December 2023	1 PKR = 72.64 LAK
04 December 2023	1 PKR = 73.08 LAK
05 December 2023	1 PKR = 72.72 LAK
06 December 2023	1 PKR = 72.72 LAK
07 December 2023	1 PKR = 72.46 LAK
08 December 2023	1 PKR = 72.89 LAK
10 December 2023	1 PKR = 73.00 LAK
11 December 2023	1 PKR = 72.60 LAK
12 December 2023	1 PKR = 73.02 LAK
13 December 2023	1 PKR = 72.66 LAK
14 December 2023	1 PKR = 72.98 LAK
15 December 2023	1 PKR = 72.86 LAK
16 December 2023	1 PKR = 72.61 LAK
17 December 2023	1 PKR = 72.61 LAK
18 December 2023	1 PKR = 73.08 LAK
19 December 2023	1 PKR = 73.24 LAK
20 December 2023	1 PKR = 72.35 LAK
21 December 2023	1 PKR = 72.69 LAK
22 December 2023	1 PKR = 72.82 LAK
23 December 2023	1 PKR = 72.66 LAK
24 December 2023	1 PKR = 72.75 LAK
25 December 2023	1 PKR = 73.27 LAK
26 December 2023	1 PKR = 73.32 LAK
27 December 2023	1 PKR = 72.78 LAK
28 December 2023	1 PKR = 73.03 LAK
29 December 2023	1 PKR = 72.82 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.

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

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.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

02/07/1997: Lao kip devalued

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

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.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

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.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.

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.

Historic Pakistani rupee Lao kip