Historic Burmese kyat Malaysian ringgit

Burmese kyat malaysian ringgit history for January 2024. The highest quote for this month is 0.002277 (23/01/2024) and the lowest 0.002276 (31/01/2024). The difference between high and low is 0.04.

MMK MYR average rate for January 2024 is 0.00224, the change between 01/01/2024 and 31/01/2024 is -3.09 %.

01 January 20241 MMK = 0.0022 MYR
02 January 20241 MMK = 0.0022 MYR
03 January 20241 MMK = 0.0022 MYR
04 January 20241 MMK = 0.0022 MYR
05 January 20241 MMK = 0.0022 MYR
06 January 20241 MMK = 0.0022 MYR
07 January 20241 MMK = 0.0022 MYR
08 January 20241 MMK = 0.0022 MYR
09 January 20241 MMK = 0.0022 MYR
10 January 20241 MMK = 0.0022 MYR
11 January 20241 MMK = 0.0022 MYR
12 January 20241 MMK = 0.0022 MYR
14 January 20241 MMK = 0.0022 MYR
15 January 20241 MMK = 0.0022 MYR
16 January 20241 MMK = 0.0022 MYR
17 January 20241 MMK = 0.0022 MYR
18 January 20241 MMK = 0.0023 MYR
19 January 20241 MMK = 0.0023 MYR
22 January 20241 MMK = 0.0023 MYR
23 January 20241 MMK = 0.0023 MYR
24 January 20241 MMK = 0.0023 MYR
25 January 20241 MMK = 0.0023 MYR
26 January 20241 MMK = 0.0023 MYR
28 January 20241 MMK = 0.0023 MYR
29 January 20241 MMK = 0.0023 MYR
30 January 20241 MMK = 0.0023 MYR
31 January 20241 MMK = 0.0023 MYR

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.
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