Historic Burmese kyat Kazakhstani tenge

Burmese kyat kazakhstani tenge history for January 2024. The highest quote for this month is 0.21868 (04/01/2024) and the lowest 0.21836 (01/01/2024). The difference between high and low is 0.15.

MMK KZT average rate for January 2024 is 0.21599, the change between 01/01/2024 and 31/01/2024 is +1.81 %.

01 January 20241 MMK = 0.2184 KZT
02 January 20241 MMK = 0.2184 KZT
03 January 20241 MMK = 0.2177 KZT
04 January 20241 MMK = 0.2187 KZT
05 January 20241 MMK = 0.2172 KZT
06 January 20241 MMK = 0.2161 KZT
07 January 20241 MMK = 0.2161 KZT
08 January 20241 MMK = 0.2168 KZT
09 January 20241 MMK = 0.2169 KZT
10 January 20241 MMK = 0.2173 KZT
11 January 20241 MMK = 0.2171 KZT
12 January 20241 MMK = 0.2160 KZT
14 January 20241 MMK = 0.2156 KZT
15 January 20241 MMK = 0.2159 KZT
16 January 20241 MMK = 0.2159 KZT
17 January 20241 MMK = 0.2162 KZT
18 January 20241 MMK = 0.2167 KZT
19 January 20241 MMK = 0.2159 KZT
22 January 20241 MMK = 0.2149 KZT
23 January 20241 MMK = 0.2139 KZT
24 January 20241 MMK = 0.2127 KZT
25 January 20241 MMK = 0.2136 KZT
26 January 20241 MMK = 0.2143 KZT
28 January 20241 MMK = 0.2149 KZT
29 January 20241 MMK = 0.2153 KZT
30 January 20241 MMK = 0.2149 KZT
31 January 20241 MMK = 0.2144 KZT

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

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.

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.

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.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.

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.
MMK KZT August 2023
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