Brazilian Real burmese kyat exchange rate history (BRL MMK) October 2023

Brazilian Real burmese kyat history for October 2023. The highest quote for this month is 417.45 (28/10/2023) and the lowest 420.91 (27/10/2023). The difference between high and low is -0.83.

BRL MMK average rate for October 2023 is 411.81536, the change between 01/10/2023 and 31/10/2023 is +1.04 %.

01 October 2023	1 BRL = 416.1 MMK
02 October 2023	1 BRL = 413.2 MMK
03 October 2023	1 BRL = 411.0 MMK
04 October 2023	1 BRL = 402.6 MMK
05 October 2023	1 BRL = 402.9 MMK
06 October 2023	1 BRL = 401.4 MMK
07 October 2023	1 BRL = 406.8 MMK
09 October 2023	1 BRL = 402.3 MMK
10 October 2023	1 BRL = 404.8 MMK
11 October 2023	1 BRL = 411.9 MMK
12 October 2023	1 BRL = 411.8 MMK
13 October 2023	1 BRL = 412.1 MMK
16 October 2023	1 BRL = 412.0 MMK
17 October 2023	1 BRL = 412.9 MMK
18 October 2023	1 BRL = 412.2 MMK
19 October 2023	1 BRL = 411.3 MMK
20 October 2023	1 BRL = 410.5 MMK
21 October 2023	1 BRL = 416.1 MMK
22 October 2023	1 BRL = 416.0 MMK
23 October 2023	1 BRL = 412.5 MMK
24 October 2023	1 BRL = 414.7 MMK
25 October 2023	1 BRL = 416.7 MMK
26 October 2023	1 BRL = 416.3 MMK
27 October 2023	1 BRL = 417.1 MMK
28 October 2023	1 BRL = 417.5 MMK
29 October 2023	1 BRL = 417.6 MMK
30 October 2023	1 BRL = 418.9 MMK
31 October 2023	1 BRL = 411.8 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.

Historic Brazilian Real Burmese kyat