Namibian dollar burmese kyat exchange rate history (NAD MMK) October 2023

Namibian dollar burmese kyat history for October 2023. The highest quote for this month is 111.29 (28/10/2023) and the lowest 111.48 (28/10/2023). The difference between high and low is -0.17.

NAD MMK average rate for October 2023 is 108.45308, the change between 01/10/2023 and 31/10/2023 is +7.07 %.

01 October 2023	1 NAD = 110.7 MMK
02 October 2023	1 NAD = 110.2 MMK
03 October 2023	1 NAD = 108.4 MMK
05 October 2023	1 NAD = 107.5 MMK
06 October 2023	1 NAD = 107.3 MMK
09 October 2023	1 NAD = 106.2 MMK
10 October 2023	1 NAD = 106.7 MMK
11 October 2023	1 NAD = 106.7 MMK
12 October 2023	1 NAD = 110.6 MMK
13 October 2023	1 NAD = 110.6 MMK
16 October 2023	1 NAD = 109.7 MMK
17 October 2023	1 NAD = 110.9 MMK
18 October 2023	1 NAD = 110.7 MMK
19 October 2023	1 NAD = 110.6 MMK
20 October 2023	1 NAD = 109.8 MMK
21 October 2023	1 NAD = 110.6 MMK
22 October 2023	1 NAD = 110.3 MMK
23 October 2023	1 NAD = 109.3 MMK
24 October 2023	1 NAD = 109.5 MMK
25 October 2023	1 NAD = 109.5 MMK
26 October 2023	1 NAD = 103.0 MMK
27 October 2023	1 NAD = 103.0 MMK
28 October 2023	1 NAD = 111.3 MMK
29 October 2023	1 NAD = 111.3 MMK
30 October 2023	1 NAD = 102.8 MMK
31 October 2023	1 NAD = 102.9 MMK

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.

26/01/2016: New N$100 and N$200 Banknotes Introduced

Namibia introduced new banknotes of N$100 and N$200 denominations to address the need for higher-value currency in the growing economy.

23/04/2015: Foreign Exchange Market Liberalization

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

30/08/2012: Introduction of N$10 Commemorative Banknote

Namibia introduced a commemorative banknote of N$10 to celebrate the centenary of the country's struggle for independence.

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.

27/10/2008: Financial Crisis Impact

Due to the global financial crisis, the Namibian dollar experienced a depreciation against major currencies, affecting the country's economy.

01/01/2002: Replacement of Old Banknotes

Old banknotes of the Namibian dollar were demonetized, and new banknotes became the only valid currency.

01/06/1999: Introduction of New Banknotes and Coins

New series of banknotes and coins were introduced in Namibia, featuring indigenous wildlife and cultural symbols.

30/08/1993: Dollarization of Namibia

Namibia adopted the Namibian dollar as its sole legal tender, replacing the South African rand as the official currency.

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.

21/03/1990: Independence of Namibia

Namibia gained independence from South Africa, leading to the introduction of the Namibian dollar as the official currency of the newly established country.

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.

Historic Namibian dollar Burmese kyat