Historic Indian Rupee Burmese kyat

Indian Rupee burmese kyat history for January 2024. The highest quote for this month is 25.249 (14/01/2024) and the lowest 25.502 (23/01/2024). The difference between high and low is -1.

INR MMK average rate for January 2024 is 25.04652, the change between 01/01/2024 and 31/01/2024 is +0.06 %.

01 January 20241 INR = 25.04 MMK
02 January 20241 INR = 25.07 MMK
03 January 20241 INR = 24.99 MMK
04 January 20241 INR = 24.94 MMK
05 January 20241 INR = 24.98 MMK
06 January 20241 INR = 25.18 MMK
07 January 20241 INR = 25.20 MMK
08 January 20241 INR = 24.93 MMK
09 January 20241 INR = 25.03 MMK
10 January 20241 INR = 25.01 MMK
11 January 20241 INR = 25.05 MMK
12 January 20241 INR = 25.04 MMK
14 January 20241 INR = 25.27 MMK
15 January 20241 INR = 25.06 MMK
16 January 20241 INR = 25.08 MMK
17 January 20241 INR = 25.07 MMK
18 January 20241 INR = 25.00 MMK
19 January 20241 INR = 25.01 MMK
22 January 20241 INR = 25.00 MMK
23 January 20241 INR = 25.02 MMK
24 January 20241 INR = 24.98 MMK
25 January 20241 INR = 25.02 MMK
26 January 20241 INR = 25.03 MMK
28 January 20241 INR = 25.19 MMK
29 January 20241 INR = 25.04 MMK
30 January 20241 INR = 25.00 MMK
31 January 20241 INR = 25.02 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.

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

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.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

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.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

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.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.