Historic Philippine peso Lao kip

Philippine peso lao kip history for February 2024. The highest quote for this month is 372.73 (24/02/2024) and the lowest 379.88 (27/02/2024). The difference between high and low is -1.92.

PHP LAK average rate for February 2024 is 370.64926, the change between 01/02/2024 and 29/02/2024 is +0.59 %.

01 February 20241 PHP = 368.6 LAK
02 February 20241 PHP = 370.5 LAK
03 February 20241 PHP = 370.9 LAK
04 February 20241 PHP = 370.9 LAK
05 February 20241 PHP = 369.0 LAK
06 February 20241 PHP = 365.9 LAK
07 February 20241 PHP = 370.2 LAK
08 February 20241 PHP = 371.6 LAK
09 February 20241 PHP = 371.3 LAK
12 February 20241 PHP = 368.3 LAK
13 February 20241 PHP = 372.0 LAK
14 February 20241 PHP = 371.3 LAK
15 February 20241 PHP = 371.4 LAK
16 February 20241 PHP = 373.0 LAK
17 February 20241 PHP = 372.2 LAK
18 February 20241 PHP = 372.2 LAK
19 February 20241 PHP = 368.5 LAK
20 February 20241 PHP = 368.2 LAK
21 February 20241 PHP = 372.4 LAK
22 February 20241 PHP = 372.8 LAK
23 February 20241 PHP = 373.3 LAK
24 February 20241 PHP = 372.7 LAK
25 February 20241 PHP = 372.7 LAK
26 February 20241 PHP = 369.0 LAK
27 February 20241 PHP = 371.4 LAK
28 February 20241 PHP = 371.1 LAK
29 February 20241 PHP = 366.4 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.

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.

11/09/1970: Introduction of the New Peso

The New Central Bank Act is enacted, leading to the introduction of a new currency called the New Peso, with a conversion rate of 1 New Peso to 2 old pesos.

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.

04/07/1949: Central Bank of the Philippines

The Central Bank of the Philippines is established with the task of issuing and managing the Philippine currency.

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.

20/10/1944: Introduction of the Philippine Liberation Peso

The United States-issued Philippine Liberation Peso is introduced to replace the Japanese-issued currency, serving as a transitional currency.

02/01/1942: Japanese Occupation

During World War II, the Japanese forces occupy the Philippines and introduce the Japanese-issued Philippine peso, known as Mickey Mouse money.

24/12/1933: Introduction of the Commonwealth Peso

The Commonwealth Act No. 265 is passed, creating a new Philippine currency called the Commonwealth Peso to replace the previous Peso.

12/06/1898: Philippine Independence

The Philippines declares independence from Spanish rule, leading to the establishment of the First Philippine Republic and the issuance of new currency.

01/05/1852: Introduction of the Peso

The Spanish colonial government issues the first official currency of the Philippines, known as the Peso, with a conversion rate of 2 Spanish reales to 1 Peso.
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