Historic Seychellois Rupee Lao kip

Seychellois Rupee lao kip history for February 2024. The highest quote for this month is 1680.43 (07/02/2024) and the lowest 1696.45 (14/02/2024). The difference between high and low is -0.95.

SCR LAK average rate for February 2024 is 1599.89556, the change between 01/02/2024 and 29/02/2024 is +3.58 %.

01 February 20241 SCR = 1694.36 LAK
02 February 20241 SCR = 1660.04 LAK
03 February 20241 SCR = 1475.08 LAK
04 February 20241 SCR = 1475.08 LAK
05 February 20241 SCR = 1547.47 LAK
06 February 20241 SCR = 1643.74 LAK
07 February 20241 SCR = 1684.53 LAK
08 February 20241 SCR = 1684.70 LAK
09 February 20241 SCR = 1680.40 LAK
12 February 20241 SCR = 1578.72 LAK
13 February 20241 SCR = 1561.21 LAK
14 February 20241 SCR = 1697.81 LAK
15 February 20241 SCR = 1655.00 LAK
16 February 20241 SCR = 1635.98 LAK
17 February 20241 SCR = 1467.72 LAK
18 February 20241 SCR = 1467.72 LAK
19 February 20241 SCR = 1515.78 LAK
20 February 20241 SCR = 1663.66 LAK
21 February 20241 SCR = 1668.68 LAK
22 February 20241 SCR = 1662.02 LAK
23 February 20241 SCR = 1661.53 LAK
24 February 20241 SCR = 1479.90 LAK
25 February 20241 SCR = 1479.90 LAK
26 February 20241 SCR = 1555.27 LAK
27 February 20241 SCR = 1612.27 LAK
28 February 20241 SCR = 1654.88 LAK
29 February 20241 SCR = 1633.73 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.