Panamanian Balboa lao kip exchange rate history (PAB LAK) November 2023

Panamanian Balboa lao kip history for November 2023. The highest quote for this month is 21202.6 (14/11/2023) and the lowest 21039.8 (13/11/2023). The difference between high and low is 0.77.

PAB LAK average rate for November 2023 is 21048.33077, the change between 01/11/2023 and 30/11/2023 is +0.28 %.

01 November 2023	1 PAB = 21201.20 LAK
02 November 2023	1 PAB = 21211.30 LAK
03 November 2023	1 PAB = 20997.20 LAK
06 November 2023	1 PAB = 20985.90 LAK
07 November 2023	1 PAB = 21166.20 LAK
08 November 2023	1 PAB = 21182.50 LAK
09 November 2023	1 PAB = 21180.80 LAK
10 November 2023	1 PAB = 21206.20 LAK
12 November 2023	1 PAB = 20738.00 LAK
13 November 2023	1 PAB = 21012.80 LAK
14 November 2023	1 PAB = 21179.00 LAK
15 November 2023	1 PAB = 21207.70 LAK
16 November 2023	1 PAB = 21151.90 LAK
17 November 2023	1 PAB = 21154.90 LAK
18 November 2023	1 PAB = 20697.00 LAK
19 November 2023	1 PAB = 20697.00 LAK
20 November 2023	1 PAB = 20990.00 LAK
21 November 2023	1 PAB = 21166.20 LAK
22 November 2023	1 PAB = 21154.20 LAK
23 November 2023	1 PAB = 20942.60 LAK
24 November 2023	1 PAB = 20977.30 LAK
26 November 2023	1 PAB = 20687.00 LAK
27 November 2023	1 PAB = 20947.00 LAK
28 November 2023	1 PAB = 21129.30 LAK
29 November 2023	1 PAB = 21152.10 LAK
30 November 2023	1 PAB = 21141.30 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.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

02/07/1997: Lao kip devalued

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

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

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.

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.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.

Historic Panamanian Balboa Lao kip