Qatari Rial lao kip exchange rate history (QAR LAK) December 2023

Qatari Rial lao kip history for December 2023. The highest quote for this month is 5689.56 (10/12/2023) and the lowest 5689.56 (10/12/2023). The difference between high and low is 0.

QAR LAK average rate for December 2023 is 5648.62964, the change between 01/12/2023 and 31/12/2023 is -0.24 %.

01 December 2023	1 QAR = 5620.66 LAK
02 December 2023	1 QAR = 5682.69 LAK
03 December 2023	1 QAR = 5682.69 LAK
04 December 2023	1 QAR = 5630.46 LAK
05 December 2023	1 QAR = 5681.51 LAK
06 December 2023	1 QAR = 5680.13 LAK
07 December 2023	1 QAR = 5639.74 LAK
08 December 2023	1 QAR = 5682.88 LAK
10 December 2023	1 QAR = 5689.56 LAK
11 December 2023	1 QAR = 5639.86 LAK
12 December 2023	1 QAR = 5687.59 LAK
13 December 2023	1 QAR = 5633.66 LAK
14 December 2023	1 QAR = 5681.51 LAK
15 December 2023	1 QAR = 5665.61 LAK
16 December 2023	1 QAR = 5647.80 LAK
17 December 2023	1 QAR = 5647.80 LAK
18 December 2023	1 QAR = 5619.17 LAK
19 December 2023	1 QAR = 5599.59 LAK
20 December 2023	1 QAR = 5625.77 LAK
21 December 2023	1 QAR = 5647.93 LAK
22 December 2023	1 QAR = 5656.18 LAK
23 December 2023	1 QAR = 5645.60 LAK
24 December 2023	1 QAR = 5645.60 LAK
25 December 2023	1 QAR = 5594.47 LAK
26 December 2023	1 QAR = 5598.23 LAK
27 December 2023	1 QAR = 5640.29 LAK
28 December 2023	1 QAR = 5660.46 LAK
29 December 2023	1 QAR = 5634.19 LAK

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

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.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

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.

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 rupees.

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.

Historic Qatari Rial Lao kip