South African rand lao kip exchange rate history (ZAR LAK) November 2023

South African rand lao kip history for November 2023. The highest quote for this month is 1133.66 (15/11/2023) and the lowest 1129.24 (16/11/2023). The difference between high and low is 0.39.

ZAR LAK average rate for November 2023 is 1113.16615, the change between 01/11/2023 and 30/11/2023 is +0.81 %.

01 November 2023	1 ZAR = 1111.84 LAK
02 November 2023	1 ZAR = 1122.22 LAK
03 November 2023	1 ZAR = 1112.47 LAK
06 November 2023	1 ZAR = 1112.92 LAK
07 November 2023	1 ZAR = 1130.39 LAK
08 November 2023	1 ZAR = 1127.44 LAK
09 November 2023	1 ZAR = 1120.01 LAK
10 November 2023	1 ZAR = 1110.24 LAK
12 November 2023	1 ZAR = 1107.39 LAK
13 November 2023	1 ZAR = 1091.88 LAK
14 November 2023	1 ZAR = 1108.47 LAK
15 November 2023	1 ZAR = 1136.29 LAK
16 November 2023	1 ZAR = 1137.57 LAK
17 November 2023	1 ZAR = 1126.07 LAK
18 November 2023	1 ZAR = 1126.74 LAK
19 November 2023	1 ZAR = 1126.75 LAK
20 November 2023	1 ZAR = 1113.07 LAK
21 November 2023	1 ZAR = 1128.31 LAK
22 November 2023	1 ZAR = 1110.31 LAK
23 November 2023	1 ZAR = 1083.68 LAK
24 November 2023	1 ZAR = 1090.60 LAK
26 November 2023	1 ZAR = 1098.93 LAK
27 November 2023	1 ZAR = 1086.14 LAK
28 November 2023	1 ZAR = 1107.66 LAK
29 November 2023	1 ZAR = 1112.11 LAK
30 November 2023	1 ZAR = 1102.82 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.

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

02/07/1997: Lao kip devalued

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

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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.

Historic South African rand Lao kip