Burmese kyat saudi riyal exchange rate history (MMK SAR) October 2023

Burmese kyat saudi riyal history for October 2023. The highest quote for this month is 0.001805 (30/10/2023) and the lowest 0.001815 (24/10/2023). The difference between high and low is -0.55.

MMK SAR average rate for October 2023 is 0.0018, the change between 01/10/2023 and 31/10/2023 is -0.73 %.

01 October 2023	1 MMK = 0.0018 SAR
02 October 2023	1 MMK = 0.0018 SAR
03 October 2023	1 MMK = 0.0018 SAR
04 October 2023	1 MMK = 0.0018 SAR
05 October 2023	1 MMK = 0.0018 SAR
06 October 2023	1 MMK = 0.0018 SAR
07 October 2023	1 MMK = 0.0018 SAR
09 October 2023	1 MMK = 0.0018 SAR
10 October 2023	1 MMK = 0.0018 SAR
11 October 2023	1 MMK = 0.0018 SAR
12 October 2023	1 MMK = 0.0018 SAR
13 October 2023	1 MMK = 0.0018 SAR
16 October 2023	1 MMK = 0.0018 SAR
17 October 2023	1 MMK = 0.0018 SAR
18 October 2023	1 MMK = 0.0018 SAR
19 October 2023	1 MMK = 0.0018 SAR
20 October 2023	1 MMK = 0.0018 SAR
21 October 2023	1 MMK = 0.0018 SAR
22 October 2023	1 MMK = 0.0018 SAR
23 October 2023	1 MMK = 0.0018 SAR
24 October 2023	1 MMK = 0.0018 SAR
25 October 2023	1 MMK = 0.0018 SAR
26 October 2023	1 MMK = 0.0018 SAR
27 October 2023	1 MMK = 0.0018 SAR
28 October 2023	1 MMK = 0.0018 SAR
29 October 2023	1 MMK = 0.0018 SAR
30 October 2023	1 MMK = 0.0018 SAR
31 October 2023	1 MMK = 0.0018 SAR

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.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

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.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.

Historic Burmese kyat Saudi riyal