Polish Zloty lao kip exchange rate history (PLN LAK) December 2023

Polish Zloty lao kip history for December 2023. The highest quote for this month is 5230.01 (28/12/2023) and the lowest 5246.86 (26/12/2023). The difference between high and low is -0.32.

PLN LAK average rate for December 2023 is 5185.12679, the change between 01/12/2023 and 31/12/2023 is -2.24 %.

01 December 2023	1 PLN = 5120.82 LAK
02 December 2023	1 PLN = 5210.72 LAK
03 December 2023	1 PLN = 5210.72 LAK
04 December 2023	1 PLN = 5157.14 LAK
05 December 2023	1 PLN = 5179.37 LAK
06 December 2023	1 PLN = 5164.93 LAK
07 December 2023	1 PLN = 5105.55 LAK
08 December 2023	1 PLN = 5159.94 LAK
10 December 2023	1 PLN = 5148.92 LAK
11 December 2023	1 PLN = 5108.37 LAK
12 December 2023	1 PLN = 5142.09 LAK
13 December 2023	1 PLN = 5119.55 LAK
14 December 2023	1 PLN = 5237.44 LAK
15 December 2023	1 PLN = 5265.75 LAK
16 December 2023	1 PLN = 5174.69 LAK
17 December 2023	1 PLN = 5173.44 LAK
18 December 2023	1 PLN = 5143.95 LAK
19 December 2023	1 PLN = 5153.31 LAK
20 December 2023	1 PLN = 5200.60 LAK
21 December 2023	1 PLN = 5179.18 LAK
22 December 2023	1 PLN = 5239.44 LAK
23 December 2023	1 PLN = 5228.08 LAK
24 December 2023	1 PLN = 5225.42 LAK
25 December 2023	1 PLN = 5178.12 LAK
26 December 2023	1 PLN = 5180.66 LAK
27 December 2023	1 PLN = 5240.67 LAK
28 December 2023	1 PLN = 5299.12 LAK
29 December 2023	1 PLN = 5235.56 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.

03/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused significant fluctuations in the value of the Polish Zloty, influenced by global economic uncertainties and shocks to foreign trade.

17/11/2014: National Bank of Poland Intervention

The National Bank of Poland intervened in the currency market to weaken the Polish Zloty, aiming to stimulate exports and counter deflationary pressures.

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.

01/04/2011: Poland Joins the ERM II

Poland's participation in the European Exchange Rate Mechanism II aimed to facilitate converging towards the Euro and maintaining stability for the Polish Zloty.

27/10/2008: Global Financial Crisis

The global financial crisis had repercussions on the Polish Zloty, with the currency experiencing devaluation and higher volatility due to market uncertainty.

01/05/2004: Poland's EU Accession

Poland's accession to the European Union had a profound impact on the Polish Zloty, as it became subject to EU regulations and influenced by the Eurozone.

02/07/1997: Lao kip devalued

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

04/06/1989: Fall of Communism in Poland

The end of communist rule in Poland led to significant economic and currency reforms, including a stabilization program that strengthened the Polish Zloty.

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.

01/01/1950: Introduction of the Polish Zloty

The Polish Zloty was introduced as the official currency of Poland, replacing the old Polish currency. It played a crucial role in rebuilding the post-war economy.

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 Polish Zloty Lao kip