Burmese kyat somali shilling history for March 2024. The highest quote for this month is 0.2732 (07/03/2024) and the lowest 0.27446 (08/03/2024). The difference between high and low is -0.46.
MMK SOS average rate for March 2024 is 0.27315, the change between 01/03/2024 and 31/03/2024 is +0.62 %.
| 01 March 2024 | 1 MMK = 0.2730 SOS |
| 04 March 2024 | 1 MMK = 0.2740 SOS |
| 05 March 2024 | 1 MMK = 0.2730 SOS |
| 06 March 2024 | 1 MMK = 0.2730 SOS |
| 07 March 2024 | 1 MMK = 0.2731 SOS |
| 08 March 2024 | 1 MMK = 0.2743 SOS |
| 11 March 2024 | 1 MMK = 0.2734 SOS |
| 12 March 2024 | 1 MMK = 0.2713 SOS |
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.
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.
01/04/1990: 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.
01/12/1964: 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.