Historic Kuwaiti Dinar Burmese kyat

Kuwaiti Dinar burmese kyat history for July 2023. The highest quote for this month is 6869.54 (28/07/2023) and the lowest 6803.27 (17/07/2023). The difference between high and low is 0.96.

KWD MMK average rate for July 2023 is 6779.40429, the change between 01/07/2023 and 31/07/2023 is -0.43 %.

03 July 20231 KWD = 6731.29 MMK
04 July 20231 KWD = 6769.64 MMK
05 July 20231 KWD = 6783.35 MMK
06 July 20231 KWD = 6776.36 MMK
07 July 20231 KWD = 6780.64 MMK
10 July 20231 KWD = 6735.45 MMK
11 July 20231 KWD = 6788.93 MMK
12 July 20231 KWD = 6797.88 MMK
13 July 20231 KWD = 6731.27 MMK
14 July 20231 KWD = 6803.72 MMK
17 July 20231 KWD = 6787.06 MMK
18 July 20231 KWD = 6796.27 MMK
19 July 20231 KWD = 6801.90 MMK
20 July 20231 KWD = 6798.53 MMK
21 July 20231 KWD = 6790.78 MMK
24 July 20231 KWD = 6781.13 MMK
25 July 20231 KWD = 6781.95 MMK
26 July 20231 KWD = 6791.54 MMK
27 July 20231 KWD = 6791.54 MMK
28 July 20231 KWD = 6788.10 MMK
31 July 20231 KWD = 6760.16 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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

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.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

01/12/1964: Kyat Revalued

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

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

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.