Historic Icelandic Krona Burmese kyat

Icelandic Krona burmese kyat history for December 2023. The highest quote for this month is 15.365 (28/12/2023) and the lowest 15.396 (29/12/2023). The difference between high and low is -0.2.

ISK MMK average rate for December 2023 is 15.11733, the change between 01/12/2023 and 31/12/2023 is -2.56 %.

01 December 20231 ISK = 15.06 MMK
04 December 20231 ISK = 15.02 MMK
05 December 20231 ISK = 14.98 MMK
06 December 20231 ISK = 14.95 MMK
07 December 20231 ISK = 14.97 MMK
08 December 20231 ISK = 14.99 MMK
11 December 20231 ISK = 14.95 MMK
12 December 20231 ISK = 14.90 MMK
13 December 20231 ISK = 14.89 MMK
14 December 20231 ISK = 14.94 MMK
15 December 20231 ISK = 15.22 MMK
18 December 20231 ISK = 15.17 MMK
19 December 20231 ISK = 15.11 MMK
20 December 20231 ISK = 15.20 MMK
21 December 20231 ISK = 15.18 MMK
22 December 20231 ISK = 15.26 MMK
25 December 20231 ISK = 15.27 MMK
26 December 20231 ISK = 15.28 MMK
27 December 20231 ISK = 15.32 MMK
28 December 20231 ISK = 15.37 MMK
29 December 20231 ISK = 15.45 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.

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

23/04/2015: Foreign Exchange Market Liberalization

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

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

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.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

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.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

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.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.