Historic Ugandan Shilling Lao kip

Ugandan Shilling lao kip history for January 2024. The highest quote for this month is 5.479 (30/01/2024) and the lowest 5.4389 (28/01/2024). The difference between high and low is 0.73.

UGX LAK average rate for January 2024 is 5.45079, the change between 01/01/2024 and 31/01/2024 is -0.88 %.

01 January 20241 UGX = 5.43 LAK
02 January 20241 UGX = 5.43 LAK
03 January 20241 UGX = 5.47 LAK
04 January 20241 UGX = 5.44 LAK
05 January 20241 UGX = 5.46 LAK
06 January 20241 UGX = 5.44 LAK
07 January 20241 UGX = 5.44 LAK
08 January 20241 UGX = 5.43 LAK
09 January 20241 UGX = 5.46 LAK
10 January 20241 UGX = 5.42 LAK
11 January 20241 UGX = 5.48 LAK
12 January 20241 UGX = 5.47 LAK
14 January 20241 UGX = 5.43 LAK
15 January 20241 UGX = 5.43 LAK
16 January 20241 UGX = 5.41 LAK
17 January 20241 UGX = 5.41 LAK
18 January 20241 UGX = 5.47 LAK
19 January 20241 UGX = 5.49 LAK
22 January 20241 UGX = 5.43 LAK
23 January 20241 UGX = 5.47 LAK
24 January 20241 UGX = 5.47 LAK
25 January 20241 UGX = 5.48 LAK
26 January 20241 UGX = 5.48 LAK
28 January 20241 UGX = 5.44 LAK
29 January 20241 UGX = 5.43 LAK
30 January 20241 UGX = 5.48 LAK
31 January 20241 UGX = 5.48 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.

03/06/2020: COVID-19 Impact on the Shilling

The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.

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.

01/09/2013: Withdrawal of Old Currency Series

The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.

01/07/2010: Issue of New Currency Series

Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.

02/05/2003: Introduction of Coins

Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.

02/07/1997: Lao kip devalued

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

15/05/1987: Introduction of the 500 Shilling Note

A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.

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.

05/08/1972: Idi Amin's Currency Change

President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.

15/06/1966: Introduction of the Ugandan Shilling

The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.

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.
UGX LAK January 2024
UGX LAK February 2024
UGX LAK March 2024
UGX LAK April 2024
UGX LAK May 2024
UGX LAK June 2024
UGX LAK July 2024
UGX LAK August 2024
UGX LAK September 2024
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UGX LAK November 2024
UGX LAK December 2024
UGX LAK January 2025