Historic Burmese kyat Maldivian rufiyaa

Burmese kyat maldivian rufiyaa history for February 2024. The highest quote for this month is 0.007365 (03/02/2024) and the lowest 0.007376 (02/02/2024). The difference between high and low is -0.15.

MMK MVR average rate for February 2024 is 0.00733, the change between 01/02/2024 and 29/02/2024 is +0.3 %.

01 February 20241 MMK = 0.0074 MVR
02 February 20241 MMK = 0.0073 MVR
03 February 20241 MMK = 0.0074 MVR
04 February 20241 MMK = 0.0074 MVR
05 February 20241 MMK = 0.0073 MVR
06 February 20241 MMK = 0.0073 MVR
07 February 20241 MMK = 0.0073 MVR
08 February 20241 MMK = 0.0073 MVR
09 February 20241 MMK = 0.0073 MVR
12 February 20241 MMK = 0.0073 MVR
13 February 20241 MMK = 0.0073 MVR
14 February 20241 MMK = 0.0073 MVR
15 February 20241 MMK = 0.0073 MVR
16 February 20241 MMK = 0.0073 MVR
17 February 20241 MMK = 0.0074 MVR
18 February 20241 MMK = 0.0074 MVR
19 February 20241 MMK = 0.0073 MVR
20 February 20241 MMK = 0.0073 MVR
21 February 20241 MMK = 0.0073 MVR
22 February 20241 MMK = 0.0073 MVR
23 February 20241 MMK = 0.0073 MVR
24 February 20241 MMK = 0.0074 MVR
25 February 20241 MMK = 0.0074 MVR
26 February 20241 MMK = 0.0073 MVR
27 February 20241 MMK = 0.0073 MVR
28 February 20241 MMK = 0.0073 MVR
29 February 20241 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.
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