Burmese kyat ugandan shilling exchange rate history (MMK UGX) August 2023

Burmese kyat ugandan shilling history for August 2023. The highest quote for this month is 1.7817 (19/08/2023) and the lowest 1.7817 (19/08/2023). The difference between high and low is 0.

MMK UGX average rate for August 2023 is 1.75605, the change between 01/08/2023 and 31/08/2023 is -2.99 %.

01 August 2023	1 MMK = 1.718 UGX
02 August 2023	1 MMK = 1.725 UGX
03 August 2023	1 MMK = 1.723 UGX
04 August 2023	1 MMK = 1.714 UGX
07 August 2023	1 MMK = 1.716 UGX
08 August 2023	1 MMK = 1.718 UGX
09 August 2023	1 MMK = 1.721 UGX
10 August 2023	1 MMK = 1.738 UGX
11 August 2023	1 MMK = 1.774 UGX
12 August 2023	1 MMK = 1.781 UGX
14 August 2023	1 MMK = 1.774 UGX
15 August 2023	1 MMK = 1.766 UGX
16 August 2023	1 MMK = 1.774 UGX
17 August 2023	1 MMK = 1.773 UGX
18 August 2023	1 MMK = 1.773 UGX
19 August 2023	1 MMK = 1.782 UGX
20 August 2023	1 MMK = 1.782 UGX
21 August 2023	1 MMK = 1.776 UGX
22 August 2023	1 MMK = 1.774 UGX
23 August 2023	1 MMK = 1.771 UGX
24 August 2023	1 MMK = 1.765 UGX
25 August 2023	1 MMK = 1.764 UGX
28 August 2023	1 MMK = 1.757 UGX
29 August 2023	1 MMK = 1.762 UGX
30 August 2023	1 MMK = 1.770 UGX
31 August 2023	1 MMK = 1.770 UGX

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.

03/06/2020: COVID-19 Impact on the Shilling

The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.

23/04/2015: Foreign Exchange Market Liberalization

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

01/09/2013: Withdrawal of Old Currency Series

The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.

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.

01/07/2010: Issue of New Currency Series

Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.

02/05/2003: Introduction of Coins

Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.

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.

15/05/1987: Introduction of the 500 Shilling Note

A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.

05/08/1972: Idi Amin's Currency Change

President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.

15/06/1966: Introduction of the Ugandan Shilling

The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.

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.

Historic Burmese kyat Ugandan Shilling