Historic Ukrainian hryvnia Lao kip

Ukrainian hryvnia lao kip history for February 2024. The highest quote for this month is 557.49 (08/02/2024) and the lowest 552.74 (09/02/2024). The difference between high and low is 0.85.

UAH LAK average rate for February 2024 is 549.03185, the change between 01/02/2024 and 29/02/2024 is +1.97 %.

01 February 20241 UAH = 555.8 LAK
02 February 20241 UAH = 555.2 LAK
03 February 20241 UAH = 551.4 LAK
04 February 20241 UAH = 551.4 LAK
05 February 20241 UAH = 551.5 LAK
06 February 20241 UAH = 552.0 LAK
07 February 20241 UAH = 556.0 LAK
08 February 20241 UAH = 557.0 LAK
09 February 20241 UAH = 557.3 LAK
12 February 20241 UAH = 551.1 LAK
13 February 20241 UAH = 551.7 LAK
14 February 20241 UAH = 549.3 LAK
15 February 20241 UAH = 549.2 LAK
16 February 20241 UAH = 553.5 LAK
17 February 20241 UAH = 548.7 LAK
18 February 20241 UAH = 548.7 LAK
19 February 20241 UAH = 545.7 LAK
20 February 20241 UAH = 542.4 LAK
21 February 20241 UAH = 544.4 LAK
22 February 20241 UAH = 542.6 LAK
23 February 20241 UAH = 544.8 LAK
24 February 20241 UAH = 541.4 LAK
25 February 20241 UAH = 541.4 LAK
26 February 20241 UAH = 543.0 LAK
27 February 20241 UAH = 545.8 LAK
28 February 20241 UAH = 547.7 LAK
29 February 20241 UAH = 544.9 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.

02/03/2020: COVID-19 impact

The outbreak of the COVID-19 pandemic resulted in economic disruptions, affecting the Ukrainian Hryvnia and causing volatility in the currency markets.

05/02/2015: Currency devaluation

Due to the economic crisis, the Ukrainian Hryvnia experienced a significant devaluation, leading to a sharp increase in prices and financial hardships.

20/02/2014: Ukrainian revolution

The Ukrainian revolution began, leading to political instability and economic challenges, impacting the value and stability of the Ukrainian Hryvnia.

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.

01/07/2008: Exchange rate flexibility

Ukraine implemented a flexible exchange rate system, allowing the Ukrainian Hryvnia to fluctuate based on market forces rather than being pegged to a fixed rate.

01/10/2004: Banknote redesign

New banknotes of the Ukrainian Hryvnia were issued with enhanced security features and updated designs, aimed at combating counterfeiting.

02/07/1997: Lao kip devalued

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

02/09/1996: Currency reform

A currency reform was conducted, introducing new banknotes and coins of the Ukrainian Hryvnia, addressing issues of inflation and stabilization.

02/09/1992: Introduction of the Ukrainian Hryvnia

The Ukrainian Hryvnia (UAH) was introduced as the national currency, replacing the Soviet ruble, marking Ukraine's economic independence.

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.
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