Historic Russian ruble Lao kip

Russian ruble lao kip history for February 2024. The highest quote for this month is 230.27 (01/02/2024) and the lowest 228.08 (01/02/2024). The difference between high and low is 0.95.

RUB LAK average rate for February 2024 is 226.11444, the change between 01/02/2024 and 29/02/2024 is +2.43 %.

01 February 20241 RUB = 229.8 LAK
02 February 20241 RUB = 229.2 LAK
03 February 20241 RUB = 227.9 LAK
04 February 20241 RUB = 227.9 LAK
05 February 20241 RUB = 227.8 LAK
06 February 20241 RUB = 226.4 LAK
07 February 20241 RUB = 229.5 LAK
08 February 20241 RUB = 229.7 LAK
09 February 20241 RUB = 227.9 LAK
12 February 20241 RUB = 225.2 LAK
13 February 20241 RUB = 227.5 LAK
14 February 20241 RUB = 227.3 LAK
15 February 20241 RUB = 227.1 LAK
16 February 20241 RUB = 225.6 LAK
17 February 20241 RUB = 226.4 LAK
18 February 20241 RUB = 226.6 LAK
19 February 20241 RUB = 223.5 LAK
20 February 20241 RUB = 223.0 LAK
21 February 20241 RUB = 225.8 LAK
22 February 20241 RUB = 226.0 LAK
23 February 20241 RUB = 223.7 LAK
24 February 20241 RUB = 222.6 LAK
25 February 20241 RUB = 219.9 LAK
26 February 20241 RUB = 221.6 LAK
27 February 20241 RUB = 226.5 LAK
28 February 20241 RUB = 226.5 LAK
29 February 20241 RUB = 224.2 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.
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