Historic Burmese kyat Indonesian Rupiah

Burmese kyat indonesian rupiah history for January 2024. The highest quote for this month is 7.6237 (25/01/2024) and the lowest 7.5861 (30/01/2024). The difference between high and low is 0.49.

MMK IDR average rate for January 2024 is 7.49218, the change between 01/01/2024 and 31/01/2024 is -2.84 %.

01 January 20241 MMK = 7.38 IDR
02 January 20241 MMK = 7.37 IDR
03 January 20241 MMK = 7.45 IDR
04 January 20241 MMK = 7.49 IDR
05 January 20241 MMK = 7.46 IDR
06 January 20241 MMK = 7.41 IDR
07 January 20241 MMK = 7.41 IDR
08 January 20241 MMK = 7.46 IDR
09 January 20241 MMK = 7.45 IDR
10 January 20241 MMK = 7.47 IDR
11 January 20241 MMK = 7.48 IDR
12 January 20241 MMK = 7.48 IDR
14 January 20241 MMK = 7.42 IDR
15 January 20241 MMK = 7.46 IDR
16 January 20241 MMK = 7.48 IDR
17 January 20241 MMK = 7.50 IDR
18 January 20241 MMK = 7.51 IDR
19 January 20241 MMK = 7.51 IDR
22 January 20241 MMK = 7.51 IDR
23 January 20241 MMK = 7.53 IDR
24 January 20241 MMK = 7.56 IDR
25 January 20241 MMK = 7.56 IDR
26 January 20241 MMK = 7.60 IDR
28 January 20241 MMK = 7.55 IDR
29 January 20241 MMK = 7.57 IDR
30 January 20241 MMK = 7.61 IDR
31 January 20241 MMK = 7.59 IDR

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.

04/03/2020: Rupiah Hits Lowest Point

The Rupiah reached its weakest level against the US dollar since the 1998 financial crisis, reflecting global economic uncertainty and the impact of the COVID-19 pandemic.

27/07/2015: New Banknotes and Coins

The Bank of Indonesia introduced a new series of banknotes and coins with enhanced security features and updated designs to commemorate the country's achievements.

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.

20/05/1998: Revaluation of Rupiah

As a response to the financial crisis, the Indonesian government revalued the Rupiah by removing three zeros from the currency, aiming to stabilize its value.

01/07/1997: Asian Financial Crisis

Indonesia, along with other Southeast Asian nations, experienced a severe currency crisis as the Rupiah plummeted in value against the US dollar, 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.

29/11/1965: New Rupiah Symbol

The official symbol for the Rupiah (Rp) was introduced, replacing the previous abbreviation of 'Rp.' This symbol is still in use today.

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.

31/05/1952: Currency Exchange Law

The Currency Exchange Law was enacted, establishing a fixed exchange rate for the Rupiah against the Dutch guilder, marking a significant milestone in the currency's stability.

26/12/1949: Independence of Indonesia

Following Indonesia's independence from the Netherlands, the Rupiah was introduced as the official currency of the newly formed republic.