Historic Burmese kyat Mexican peso

Burmese kyat mexican peso history for October 2023. The highest quote for this month is 0.008878 (20/10/2023) and the lowest 0.008775 (20/10/2023). The difference between high and low is 1.16.

MMK MXN average rate for October 2023 is 0.00867, the change between 01/10/2023 and 31/10/2023 is -4.45 %.

01 October 20231 MMK = 0.0083 MXN
02 October 20231 MMK = 0.0083 MXN
03 October 20231 MMK = 0.0085 MXN
04 October 20231 MMK = 0.0087 MXN
05 October 20231 MMK = 0.0087 MXN
06 October 20231 MMK = 0.0088 MXN
07 October 20231 MMK = 0.0087 MXN
09 October 20231 MMK = 0.0088 MXN
10 October 20231 MMK = 0.0088 MXN
11 October 20231 MMK = 0.0086 MXN
12 October 20231 MMK = 0.0086 MXN
13 October 20231 MMK = 0.0086 MXN
16 October 20231 MMK = 0.0087 MXN
17 October 20231 MMK = 0.0086 MXN
18 October 20231 MMK = 0.0087 MXN
19 October 20231 MMK = 0.0088 MXN
20 October 20231 MMK = 0.0088 MXN
21 October 20231 MMK = 0.0087 MXN
22 October 20231 MMK = 0.0087 MXN
23 October 20231 MMK = 0.0088 MXN
24 October 20231 MMK = 0.0087 MXN
25 October 20231 MMK = 0.0088 MXN
26 October 20231 MMK = 0.0088 MXN
27 October 20231 MMK = 0.0087 MXN
28 October 20231 MMK = 0.0087 MXN
29 October 20231 MMK = 0.0087 MXN
30 October 20231 MMK = 0.0087 MXN
31 October 20231 MMK = 0.0087 MXN

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.

23/04/2015: Foreign Exchange Market Liberalization

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

20/06/2012: Mexican Peso Becomes the Most Traded Emerging Market Currency

The Mexican peso surpassed the Brazilian real to become the most traded currency among emerging markets, reflecting Mexico's growing economic importance.

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.

01/01/2003: Introduction of the New Peso Symbol

The Mexican peso adopted a new symbol, replacing the old symbol (₱) with a capital 'P' with double horizontal lines (MXN) to symbolize the currency.

20/12/1994: Tequila Crisis

Mexico experienced a severe economic crisis and an abrupt devaluation of the peso as a result of the devaluation of the Thai baht, causing investors to flee emerging markets.

01/01/1993: Implementation of the North American Free Trade Agreement (NAFTA)

NAFTA came into effect, promoting trade and investment between Mexico, the United States, and Canada, leading to increased stability and growth in the Mexican economy.

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.

06/07/1988: Introduction of the New Peso

Due to hyperinflation and currency devaluation, Mexico introduced a new currency, called the New Peso, where 1000 old pesos were replaced by 1 new peso.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

12/08/1982: Mexican Debt Crisis

Mexico defaulted on its external debt, leading to a sharp devaluation of the peso and a severe economic crisis, requiring an emergency loan from the International Monetary Fund (IMF).

13/08/1970: Devaluation of the Peso

In response to global inflation, the Mexican government devalued the peso by 20% against the US dollar, leading to economic instability and a decline in purchasing power.

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.