Malaysian ringgit burmese kyat exchange rate history (MYR MMK) October 2023

Malaysian ringgit burmese kyat history for October 2023. The highest quote for this month is 446.06 (01/10/2023) and the lowest 446.06 (01/10/2023). The difference between high and low is 0.

MYR MMK average rate for October 2023 is 438.98036, the change between 01/10/2023 and 31/10/2023 is +2.14 %.

01 October 2023	1 MYR = 446.1 MMK
02 October 2023	1 MYR = 444.0 MMK
03 October 2023	1 MYR = 441.3 MMK
04 October 2023	1 MYR = 440.5 MMK
05 October 2023	1 MYR = 439.2 MMK
06 October 2023	1 MYR = 438.8 MMK
07 October 2023	1 MYR = 444.5 MMK
09 October 2023	1 MYR = 439.4 MMK
10 October 2023	1 MYR = 439.5 MMK
11 October 2023	1 MYR = 440.4 MMK
12 October 2023	1 MYR = 441.0 MMK
13 October 2023	1 MYR = 441.5 MMK
16 October 2023	1 MYR = 440.1 MMK
17 October 2023	1 MYR = 439.4 MMK
18 October 2023	1 MYR = 438.7 MMK
19 October 2023	1 MYR = 438.5 MMK
20 October 2023	1 MYR = 436.4 MMK
21 October 2023	1 MYR = 439.4 MMK
22 October 2023	1 MYR = 439.4 MMK
23 October 2023	1 MYR = 435.6 MMK
24 October 2023	1 MYR = 436.2 MMK
25 October 2023	1 MYR = 434.4 MMK
26 October 2023	1 MYR = 435.2 MMK
27 October 2023	1 MYR = 434.7 MMK
28 October 2023	1 MYR = 438.4 MMK
29 October 2023	1 MYR = 438.4 MMK
30 October 2023	1 MYR = 434.4 MMK
31 October 2023	1 MYR = 436.5 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.

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

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.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

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.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

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 Malaysian ringgit Burmese kyat