Burmese kyat maldivian rufiyaa exchange rate history (MMK MVR) August 2023

Burmese kyat maldivian rufiyaa history for August 2023. The highest quote for this month is 0.007365 (12/08/2023) and the lowest 0.007381 (24/08/2023). The difference between high and low is -0.22.

MMK MVR average rate for August 2023 is 0.00734, the change between 01/08/2023 and 31/08/2023 is -0.01 %.

01 August 2023	1 MMK = 0.0073 MVR
02 August 2023	1 MMK = 0.0073 MVR
03 August 2023	1 MMK = 0.0073 MVR
04 August 2023	1 MMK = 0.0073 MVR
07 August 2023	1 MMK = 0.0074 MVR
08 August 2023	1 MMK = 0.0073 MVR
09 August 2023	1 MMK = 0.0073 MVR
10 August 2023	1 MMK = 0.0073 MVR
11 August 2023	1 MMK = 0.0073 MVR
12 August 2023	1 MMK = 0.0074 MVR
14 August 2023	1 MMK = 0.0073 MVR
15 August 2023	1 MMK = 0.0073 MVR
16 August 2023	1 MMK = 0.0074 MVR
17 August 2023	1 MMK = 0.0074 MVR
18 August 2023	1 MMK = 0.0073 MVR
19 August 2023	1 MMK = 0.0074 MVR
20 August 2023	1 MMK = 0.0074 MVR
21 August 2023	1 MMK = 0.0074 MVR
22 August 2023	1 MMK = 0.0073 MVR
23 August 2023	1 MMK = 0.0073 MVR
24 August 2023	1 MMK = 0.0073 MVR
25 August 2023	1 MMK = 0.0073 MVR
28 August 2023	1 MMK = 0.0073 MVR
29 August 2023	1 MMK = 0.0073 MVR
30 August 2023	1 MMK = 0.0073 MVR
31 August 2023	1 MMK = 0.0073 MVR

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.

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

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.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

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.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

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.

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.

Historic Burmese kyat Maldivian rufiyaa