Historic Russian ruble Lao kip

Russian ruble lao kip history for January 2024. The highest quote for this month is 234.52 (23/01/2024) and the lowest 234.19 (14/01/2024). The difference between high and low is 0.14.

RUB LAK average rate for January 2024 is 229.30074, the change between 01/01/2024 and 31/01/2024 is -1 %.

01 January 20241 RUB = 228.1 LAK
02 January 20241 RUB = 228.3 LAK
03 January 20241 RUB = 226.8 LAK
04 January 20241 RUB = 222.9 LAK
05 January 20241 RUB = 225.5 LAK
06 January 20241 RUB = 226.6 LAK
07 January 20241 RUB = 226.6 LAK
08 January 20241 RUB = 223.5 LAK
09 January 20241 RUB = 226.4 LAK
10 January 20241 RUB = 224.2 LAK
11 January 20241 RUB = 226.4 LAK
12 January 20241 RUB = 228.9 LAK
14 January 20241 RUB = 234.2 LAK
15 January 20241 RUB = 226.6 LAK
16 January 20241 RUB = 226.8 LAK
17 January 20241 RUB = 232.3 LAK
18 January 20241 RUB = 232.9 LAK
19 January 20241 RUB = 232.9 LAK
22 January 20241 RUB = 228.5 LAK
23 January 20241 RUB = 234.5 LAK
24 January 20241 RUB = 234.7 LAK
25 January 20241 RUB = 233.1 LAK
26 January 20241 RUB = 234.8 LAK
28 January 20241 RUB = 230.5 LAK
29 January 20241 RUB = 233.1 LAK
30 January 20241 RUB = 231.5 LAK
31 January 20241 RUB = 230.4 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.

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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