Historic Uruguayan peso Lao kip

Uruguayan peso lao kip history for July 2023. The highest quote for this month is 513.04 (28/07/2023) and the lowest 512.04 (05/07/2023). The difference between high and low is 0.19.

UYU LAK average rate for July 2023 is 507.68381, the change between 01/07/2023 and 31/07/2023 is -1.16 %.

03 July 20231 UYU = 508.7 LAK
04 July 20231 UYU = 506.7 LAK
05 July 20231 UYU = 510.0 LAK
06 July 20231 UYU = 509.5 LAK
07 July 20231 UYU = 508.0 LAK
10 July 20231 UYU = 507.1 LAK
11 July 20231 UYU = 505.4 LAK
12 July 20231 UYU = 508.4 LAK
13 July 20231 UYU = 514.0 LAK
14 July 20231 UYU = 506.8 LAK
17 July 20231 UYU = 503.2 LAK
18 July 20231 UYU = 506.9 LAK
19 July 20231 UYU = 506.3 LAK
20 July 20231 UYU = 506.1 LAK
21 July 20231 UYU = 507.4 LAK
24 July 20231 UYU = 503.4 LAK
25 July 20231 UYU = 506.4 LAK
26 July 20231 UYU = 505.3 LAK
27 July 20231 UYU = 507.1 LAK
28 July 20231 UYU = 510.2 LAK
31 July 20231 UYU = 514.6 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.