Historic Australian dollar Burmese kyat

Australian dollar burmese kyat history for February 2024. The highest quote for this month is 1374.08 (24/02/2024) and the lowest 1375.52 (25/02/2024). The difference between high and low is -0.1.

AUD MMK average rate for February 2024 is 1360.27963, the change between 01/02/2024 and 29/02/2024 is +1.04 %.

01 February 20241 AUD = 1362.16 MMK
02 February 20241 AUD = 1366.94 MMK
03 February 20241 AUD = 1364.14 MMK
04 February 20241 AUD = 1364.49 MMK
05 February 20241 AUD = 1365.33 MMK
06 February 20241 AUD = 1349.17 MMK
07 February 20241 AUD = 1358.77 MMK
08 February 20241 AUD = 1356.48 MMK
09 February 20241 AUD = 1351.99 MMK
12 February 20241 AUD = 1355.78 MMK
13 February 20241 AUD = 1357.55 MMK
14 February 20241 AUD = 1342.10 MMK
15 February 20241 AUD = 1351.38 MMK
16 February 20241 AUD = 1356.44 MMK
17 February 20241 AUD = 1368.06 MMK
18 February 20241 AUD = 1368.15 MMK
19 February 20241 AUD = 1359.69 MMK
20 February 20241 AUD = 1357.87 MMK
21 February 20241 AUD = 1363.02 MMK
22 February 20241 AUD = 1362.75 MMK
23 February 20241 AUD = 1364.65 MMK
24 February 20241 AUD = 1374.08 MMK
25 February 20241 AUD = 1374.08 MMK
26 February 20241 AUD = 1364.21 MMK
27 February 20241 AUD = 1359.79 MMK
28 February 20241 AUD = 1360.54 MMK
29 February 20241 AUD = 1347.94 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.

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

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.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

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.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

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.
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