Historic Rwandan franc Lao kip

Rwandan franc lao kip history for January 2024. The highest quote for this month is 16.472 (05/01/2024) and the lowest 16.407 (28/01/2024). The difference between high and low is 0.39.

RWF LAK average rate for January 2024 is 16.35063, the change between 01/01/2024 and 31/01/2024 is -0.61 %.

01 January 20241 RWF = 16.31 LAK
02 January 20241 RWF = 16.31 LAK
03 January 20241 RWF = 16.26 LAK
04 January 20241 RWF = 16.39 LAK
05 January 20241 RWF = 16.47 LAK
06 January 20241 RWF = 16.40 LAK
07 January 20241 RWF = 16.40 LAK
08 January 20241 RWF = 16.30 LAK
09 January 20241 RWF = 16.46 LAK
10 January 20241 RWF = 16.30 LAK
11 January 20241 RWF = 16.46 LAK
12 January 20241 RWF = 16.44 LAK
14 January 20241 RWF = 16.37 LAK
15 January 20241 RWF = 16.05 LAK
16 January 20241 RWF = 16.18 LAK
17 January 20241 RWF = 16.29 LAK
18 January 20241 RWF = 16.41 LAK
19 January 20241 RWF = 16.41 LAK
22 January 20241 RWF = 16.07 LAK
23 January 20241 RWF = 16.39 LAK
24 January 20241 RWF = 16.43 LAK
25 January 20241 RWF = 16.41 LAK
26 January 20241 RWF = 16.43 LAK
28 January 20241 RWF = 16.41 LAK
29 January 20241 RWF = 16.32 LAK
30 January 20241 RWF = 16.41 LAK
31 January 20241 RWF = 16.41 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.
RWF LAK January 2024
RWF LAK February 2024
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RWF LAK January 2025