Historic Uruguayan peso Lao kip

Uruguayan peso lao kip history for September 2023. The highest quote for this month is 532.5 (28/09/2023) and the lowest 534.04 (29/09/2023). The difference between high and low is -0.29.

UYU LAK average rate for September 2023 is 527.6913, the change between 01/09/2023 and 30/09/2023 is -1.22 %.

01 September 20231 UYU = 521.1 LAK
04 September 20231 UYU = 523.7 LAK
05 September 20231 UYU = 526.1 LAK
06 September 20231 UYU = 526.0 LAK
07 September 20231 UYU = 528.2 LAK
08 September 20231 UYU = 526.5 LAK
11 September 20231 UYU = 525.0 LAK
12 September 20231 UYU = 526.5 LAK
13 September 20231 UYU = 524.9 LAK
14 September 20231 UYU = 525.7 LAK
15 September 20231 UYU = 524.5 LAK
18 September 20231 UYU = 523.7 LAK
19 September 20231 UYU = 528.6 LAK
20 September 20231 UYU = 530.5 LAK
21 September 20231 UYU = 529.5 LAK
22 September 20231 UYU = 531.3 LAK
23 September 20231 UYU = 526.2 LAK
24 September 20231 UYU = 526.2 LAK
25 September 20231 UYU = 530.3 LAK
27 September 20231 UYU = 534.5 LAK
28 September 20231 UYU = 533.9 LAK
29 September 20231 UYU = 536.6 LAK
30 September 20231 UYU = 527.5 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.