Historic Burmese kyat Lebanese pound

Burmese kyat lebanese pound history for January 2024. The highest quote for this month is 7.218 (08/01/2024) and the lowest 7.21 (22/01/2024). The difference between high and low is 0.11.

MMK LBP average rate for January 2024 is 7.2048, the change between 01/01/2024 and 31/01/2024 is -0.06 %.

01 January 20241 MMK = 7.21 LBP
02 January 20241 MMK = 7.21 LBP
03 January 20241 MMK = 7.21 LBP
04 January 20241 MMK = 7.22 LBP
05 January 20241 MMK = 7.21 LBP
06 January 20241 MMK = 7.16 LBP
07 January 20241 MMK = 7.16 LBP
08 January 20241 MMK = 7.21 LBP
09 January 20241 MMK = 7.21 LBP
10 January 20241 MMK = 7.21 LBP
11 January 20241 MMK = 7.21 LBP
12 January 20241 MMK = 7.20 LBP
14 January 20241 MMK = 7.16 LBP
15 January 20241 MMK = 7.21 LBP
16 January 20241 MMK = 7.21 LBP
17 January 20241 MMK = 7.21 LBP
18 January 20241 MMK = 7.21 LBP
19 January 20241 MMK = 7.21 LBP
22 January 20241 MMK = 7.21 LBP
23 January 20241 MMK = 7.21 LBP
24 January 20241 MMK = 7.22 LBP
25 January 20241 MMK = 7.21 LBP
26 January 20241 MMK = 7.21 LBP
28 January 20241 MMK = 7.16 LBP
29 January 20241 MMK = 7.21 LBP
30 January 20241 MMK = 7.23 LBP
31 January 20241 MMK = 7.21 LBP

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.

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

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.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

01/12/1964: Kyat Revalued

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

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

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.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.
MMK LBP August 2023
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