Historic Albanian lek Burmese kyat

Albanian lek burmese kyat history for February 2024. The highest quote for this month is 22.244 (28/02/2024) and the lowest 22.286 (27/02/2024). The difference between high and low is -0.19.

ALL MMK average rate for February 2024 is 21.84486, the change between 01/02/2024 and 29/02/2024 is -2.14 %.

01 February 20241 ALL = 21.74 MMK
02 February 20241 ALL = 21.82 MMK
05 February 20241 ALL = 22.26 MMK
06 February 20241 ALL = 22.02 MMK
07 February 20241 ALL = 21.54 MMK
08 February 20241 ALL = 21.57 MMK
09 February 20241 ALL = 21.61 MMK
12 February 20241 ALL = 22.06 MMK
13 February 20241 ALL = 21.71 MMK
14 February 20241 ALL = 21.55 MMK
15 February 20241 ALL = 21.55 MMK
16 February 20241 ALL = 21.65 MMK
19 February 20241 ALL = 22.11 MMK
20 February 20241 ALL = 22.14 MMK
21 February 20241 ALL = 21.78 MMK
22 February 20241 ALL = 21.80 MMK
23 February 20241 ALL = 21.80 MMK
26 February 20241 ALL = 22.24 MMK
27 February 20241 ALL = 21.82 MMK
28 February 20241 ALL = 21.79 MMK
29 February 20241 ALL = 22.20 MMK

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate based on market forces.

31/12/2011: Replacement of 1 Lek coin

The 1 lek coin was demonetized and replaced by a banknote. The decision was made due to the high cost of producing the coin.

08/02/2000: Introduction of new banknotes and coins

A new series of banknotes and coins were introduced, featuring enhanced security features and updated designs.

02/03/1997: Collapse of pyramid schemes

The collapse of pyramid schemes in Albania caused a severe economic crisis, resulting in hyperinflation and a significant devaluation of the lek.

26/06/1992: Transition to a market economy

Albania transitioned to a market economy, leading to a significant depreciation of the lek. The exchange rate changed to 1 lek = 9.3 old lek.

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

01/10/1965: Introduction of the new lek

A new series of banknotes and coins were introduced, marking the transition to the new lek. The exchange rate was set at 1 new lek = 10 old lek.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.

22/12/1947: Albania becomes a communist state

Following the establishment of a communist regime in Albania, the currency underwent a major devaluation, with the exchange rate changing to 1 lek = 12.5 old lek.

01/09/1926: Introduction of the Albanian lek

The lek was introduced as the official currency of Albania, replacing the previous currency, the Turkish lira. The exchange rate was set at 1 lek = 35 Turkish lira.