Historic Australian dollar Burmese kyat

Australian dollar burmese kyat history for January 2024. The highest quote for this month is 1422.15 (01/01/2024) and the lowest 1423.27 (02/01/2024). The difference between high and low is -0.08.

AUD MMK average rate for January 2024 is 1386.54815, the change between 01/01/2024 and 31/01/2024 is +3.52 %.

01 January 20241 AUD = 1421.47 MMK
02 January 20241 AUD = 1420.68 MMK
03 January 20241 AUD = 1407.63 MMK
04 January 20241 AUD = 1399.72 MMK
05 January 20241 AUD = 1394.77 MMK
06 January 20241 AUD = 1406.19 MMK
07 January 20241 AUD = 1406.19 MMK
08 January 20241 AUD = 1392.99 MMK
09 January 20241 AUD = 1396.97 MMK
10 January 20241 AUD = 1389.82 MMK
11 January 20241 AUD = 1394.29 MMK
12 January 20241 AUD = 1393.47 MMK
14 January 20241 AUD = 1400.55 MMK
15 January 20241 AUD = 1389.30 MMK
16 January 20241 AUD = 1381.84 MMK
17 January 20241 AUD = 1372.30 MMK
18 January 20241 AUD = 1362.60 MMK
19 January 20241 AUD = 1369.07 MMK
22 January 20241 AUD = 1370.69 MMK
23 January 20241 AUD = 1366.13 MMK
24 January 20241 AUD = 1369.16 MMK
25 January 20241 AUD = 1367.56 MMK
26 January 20241 AUD = 1370.35 MMK
28 January 20241 AUD = 1377.42 MMK
29 January 20241 AUD = 1369.43 MMK
30 January 20241 AUD = 1374.83 MMK
31 January 20241 AUD = 1371.38 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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