Uruguayan peso lao kip exchange rate history (UYU LAK) October 2023

Uruguayan peso lao kip history for October 2023. The highest quote for this month is 533.69 (04/10/2023) and the lowest 532.34 (03/10/2023). The difference between high and low is 0.25.

UYU LAK average rate for October 2023 is 524.66259, the change between 01/10/2023 and 31/10/2023 is +0.14 %.

01 October 2023	1 UYU = 527.5 LAK
02 October 2023	1 UYU = 531.7 LAK
03 October 2023	1 UYU = 535.6 LAK
04 October 2023	1 UYU = 535.3 LAK
05 October 2023	1 UYU = 535.8 LAK
06 October 2023	1 UYU = 525.0 LAK
07 October 2023	1 UYU = 522.6 LAK
09 October 2023	1 UYU = 525.0 LAK
10 October 2023	1 UYU = 525.2 LAK
11 October 2023	1 UYU = 523.4 LAK
12 October 2023	1 UYU = 520.7 LAK
13 October 2023	1 UYU = 519.5 LAK
16 October 2023	1 UYU = 521.3 LAK
17 October 2023	1 UYU = 523.3 LAK
18 October 2023	1 UYU = 524.2 LAK
19 October 2023	1 UYU = 518.4 LAK
20 October 2023	1 UYU = 525.3 LAK
21 October 2023	1 UYU = 518.4 LAK
22 October 2023	1 UYU = 518.4 LAK
23 October 2023	1 UYU = 520.3 LAK
24 October 2023	1 UYU = 526.3 LAK
25 October 2023	1 UYU = 525.1 LAK
26 October 2023	1 UYU = 525.1 LAK
27 October 2023	1 UYU = 525.3 LAK
29 October 2023	1 UYU = 519.2 LAK
30 October 2023	1 UYU = 521.1 LAK
31 October 2023	1 UYU = 526.7 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.