Historic Brazilian Real Burmese kyat

Brazilian Real burmese kyat history for February 2024. The highest quote for this month is 421.53 (17/02/2024) and the lowest 426.65 (03/02/2024). The difference between high and low is -1.21.

BRL MMK average rate for February 2024 is 419.89481, the change between 01/02/2024 and 29/02/2024 is +0.34 %.

01 February 20241 BRL = 419.2 MMK
02 February 20241 BRL = 423.0 MMK
03 February 20241 BRL = 421.3 MMK
04 February 20241 BRL = 421.3 MMK
05 February 20241 BRL = 425.5 MMK
06 February 20241 BRL = 420.6 MMK
07 February 20241 BRL = 419.3 MMK
08 February 20241 BRL = 418.6 MMK
09 February 20241 BRL = 416.8 MMK
12 February 20241 BRL = 419.5 MMK
13 February 20241 BRL = 419.9 MMK
14 February 20241 BRL = 420.0 MMK
15 February 20241 BRL = 418.5 MMK
16 February 20241 BRL = 418.0 MMK
17 February 20241 BRL = 421.5 MMK
18 February 20241 BRL = 421.4 MMK
19 February 20241 BRL = 418.9 MMK
20 February 20241 BRL = 419.5 MMK
21 February 20241 BRL = 422.2 MMK
22 February 20241 BRL = 421.4 MMK
23 February 20241 BRL = 419.3 MMK
24 February 20241 BRL = 419.3 MMK
25 February 20241 BRL = 419.3 MMK
26 February 20241 BRL = 416.1 MMK
27 February 20241 BRL = 417.6 MMK
28 February 20241 BRL = 421.5 MMK
29 February 20241 BRL = 417.8 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.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

23/04/2015: Foreign Exchange Market Liberalization

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

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

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.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

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.

01/12/1964: 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.
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