Historic Seychellois Rupee Lao kip

Seychellois Rupee lao kip history for January 2024. The highest quote for this month is 1662.2 (30/01/2024) and the lowest 1695.52 (30/01/2024). The difference between high and low is -2.

SCR LAK average rate for January 2024 is 1599.25037, the change between 01/01/2024 and 31/01/2024 is -3.29 %.

01 January 20241 SCR = 1602.87 LAK
02 January 20241 SCR = 1604.32 LAK
03 January 20241 SCR = 1471.64 LAK
04 January 20241 SCR = 1609.92 LAK
05 January 20241 SCR = 1587.79 LAK
06 January 20241 SCR = 1475.29 LAK
07 January 20241 SCR = 1475.29 LAK
08 January 20241 SCR = 1546.03 LAK
09 January 20241 SCR = 1641.65 LAK
10 January 20241 SCR = 1615.45 LAK
11 January 20241 SCR = 1690.06 LAK
12 January 20241 SCR = 1662.82 LAK
14 January 20241 SCR = 1467.79 LAK
15 January 20241 SCR = 1544.55 LAK
16 January 20241 SCR = 1620.40 LAK
17 January 20241 SCR = 1652.96 LAK
18 January 20241 SCR = 1700.00 LAK
19 January 20241 SCR = 1645.67 LAK
22 January 20241 SCR = 1541.94 LAK
23 January 20241 SCR = 1667.40 LAK
24 January 20241 SCR = 1653.69 LAK
25 January 20241 SCR = 1655.05 LAK
26 January 20241 SCR = 1658.69 LAK
28 January 20241 SCR = 1483.96 LAK
29 January 20241 SCR = 1564.94 LAK
30 January 20241 SCR = 1684.02 LAK
31 January 20241 SCR = 1655.57 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.