Historic Rwandan franc Lao kip

Rwandan franc lao kip history for February 2024. The highest quote for this month is 16.544 (15/02/2024) and the lowest 16.457 (17/02/2024). The difference between high and low is 0.53.

RWF LAK average rate for February 2024 is 16.4433, the change between 01/02/2024 and 29/02/2024 is +0.21 %.

01 February 20241 RWF = 16.38 LAK
02 February 20241 RWF = 16.44 LAK
03 February 20241 RWF = 16.42 LAK
04 February 20241 RWF = 16.42 LAK
05 February 20241 RWF = 16.34 LAK
06 February 20241 RWF = 16.37 LAK
07 February 20241 RWF = 16.45 LAK
08 February 20241 RWF = 16.45 LAK
09 February 20241 RWF = 16.47 LAK
12 February 20241 RWF = 16.38 LAK
13 February 20241 RWF = 16.46 LAK
14 February 20241 RWF = 16.46 LAK
15 February 20241 RWF = 16.61 LAK
16 February 20241 RWF = 16.63 LAK
17 February 20241 RWF = 16.46 LAK
18 February 20241 RWF = 16.46 LAK
19 February 20241 RWF = 16.38 LAK
20 February 20241 RWF = 16.38 LAK
21 February 20241 RWF = 16.60 LAK
22 February 20241 RWF = 16.62 LAK
23 February 20241 RWF = 16.59 LAK
24 February 20241 RWF = 16.44 LAK
25 February 20241 RWF = 16.44 LAK
26 February 20241 RWF = 16.36 LAK
27 February 20241 RWF = 16.45 LAK
28 February 20241 RWF = 16.18 LAK
29 February 20241 RWF = 16.35 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.

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

02/07/1997: Lao kip devalued

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

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

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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