Historic Burmese kyat Solomon Islands Dollar

Burmese kyat solomon islands dollar history for February 2024. The highest quote for this month is 0.004091 (21/02/2024) and the lowest 0.004096 (21/02/2024). The difference between high and low is -0.12.

MMK SBD average rate for February 2024 is 0.00407, the change between 01/02/2024 and 29/02/2024 is -1.04 %.

01 February 20241 MMK = 0.0040 SBD
02 February 20241 MMK = 0.0041 SBD
06 February 20241 MMK = 0.0041 SBD
07 February 20241 MMK = 0.0041 SBD
08 February 20241 MMK = 0.0041 SBD
09 February 20241 MMK = 0.0041 SBD
12 February 20241 MMK = 0.0041 SBD
13 February 20241 MMK = 0.0041 SBD
14 February 20241 MMK = 0.0041 SBD
15 February 20241 MMK = 0.0041 SBD
16 February 20241 MMK = 0.0041 SBD
20 February 20241 MMK = 0.0041 SBD
21 February 20241 MMK = 0.0041 SBD
22 February 20241 MMK = 0.0041 SBD
26 February 20241 MMK = 0.0041 SBD
27 February 20241 MMK = 0.0041 SBD
29 February 20241 MMK = 0.0041 SBD

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.

28/06/2019: Withdrawal of the $2 note

The Central Bank of Solomon Islands announced the withdrawal of the $2 note from circulation, promoting the use of coins instead.

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.

02/01/2012: Introduction of polymer banknotes

The Central Bank of Solomon Islands issued polymer banknotes to replace the paper ones, enhancing durability and security.

02/05/2011: Renewal of currency design

The Central Bank of Solomon Islands introduced new banknotes with enhanced security features and a refreshed design.

22/03/1993: Introduction of the $2 coin

The $2 coin was introduced as a new denomination of the Solomon Islands Dollar.

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.

25/01/1979: Monetary Authority Act

The Monetary Authority Act was passed, establishing the Central Bank of Solomon Islands as the sole issuer and regulator of the SBD.

06/07/1977: Introduction of the Solomon Islands Dollar

The Solomon Islands Dollar was introduced as the official currency replacing the Australian Dollar at a rate of 1:1.

07/06/1977: Independence of Solomon Islands

Solomon Islands gained independence from British rule, establishing the need for their own currency, the Solomon Islands Dollar (SBD).

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.