Russian ruble lao kip exchange rate history (RUB LAK) December 2023

Russian ruble lao kip history for December 2023. The highest quote for this month is 228.5 (14/12/2023) and the lowest 230.9 (01/12/2023). The difference between high and low is -1.05.

RUB LAK average rate for December 2023 is 225.80857, the change between 01/12/2023 and 31/12/2023 is -1.93 %.

01 December 2023	1 RUB = 227.4 LAK
02 December 2023	1 RUB = 226.9 LAK
03 December 2023	1 RUB = 228.4 LAK
04 December 2023	1 RUB = 224.7 LAK
05 December 2023	1 RUB = 226.0 LAK
06 December 2023	1 RUB = 229.2 LAK
07 December 2023	1 RUB = 221.2 LAK
08 December 2023	1 RUB = 223.8 LAK
10 December 2023	1 RUB = 225.5 LAK
11 December 2023	1 RUB = 222.8 LAK
12 December 2023	1 RUB = 227.7 LAK
13 December 2023	1 RUB = 227.2 LAK
14 December 2023	1 RUB = 231.5 LAK
15 December 2023	1 RUB = 230.4 LAK
16 December 2023	1 RUB = 226.9 LAK
17 December 2023	1 RUB = 227.4 LAK
18 December 2023	1 RUB = 225.7 LAK
19 December 2023	1 RUB = 225.2 LAK
20 December 2023	1 RUB = 226.4 LAK
21 December 2023	1 RUB = 228.2 LAK
22 December 2023	1 RUB = 221.6 LAK
23 December 2023	1 RUB = 222.6 LAK
24 December 2023	1 RUB = 222.6 LAK
25 December 2023	1 RUB = 221.1 LAK
26 December 2023	1 RUB = 221.5 LAK
27 December 2023	1 RUB = 224.1 LAK
28 December 2023	1 RUB = 224.8 LAK
29 December 2023	1 RUB = 231.8 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.

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.