Japanese Yen burmese kyat exchange rate history (JPY MMK) February 2024

Japanese Yen burmese kyat history for February 2024. The highest quote for this month is 14.177 (01/02/2024) and the lowest 14.243 (01/02/2024). The difference between high and low is -0.47.

JPY MMK average rate for February 2024 is 13.92765, the change between 01/02/2024 and 29/02/2024 is +2.46 %.

01 February 2024	1 JPY = 14.12 MMK
02 February 2024	1 JPY = 14.20 MMK
04 February 2024	1 JPY = 14.13 MMK
05 February 2024	1 JPY = 14.13 MMK
06 February 2024	1 JPY = 14.01 MMK
07 February 2024	1 JPY = 14.08 MMK
08 February 2024	1 JPY = 14.05 MMK
09 February 2024	1 JPY = 13.94 MMK
12 February 2024	1 JPY = 13.93 MMK
13 February 2024	1 JPY = 13.92 MMK
14 February 2024	1 JPY = 13.80 MMK
15 February 2024	1 JPY = 13.81 MMK
16 February 2024	1 JPY = 13.86 MMK
17 February 2024	1 JPY = 13.94 MMK
18 February 2024	1 JPY = 13.94 MMK
19 February 2024	1 JPY = 13.86 MMK
20 February 2024	1 JPY = 13.84 MMK
21 February 2024	1 JPY = 13.87 MMK
22 February 2024	1 JPY = 13.83 MMK
23 February 2024	1 JPY = 13.83 MMK
24 February 2024	1 JPY = 13.92 MMK
25 February 2024	1 JPY = 13.92 MMK
26 February 2024	1 JPY = 13.81 MMK
27 February 2024	1 JPY = 13.81 MMK
28 February 2024	1 JPY = 13.82 MMK
29 February 2024	1 JPY = 13.78 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.

28/07/2016: Bank of Japan announces stimulus package

The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major currencies.

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.

11/03/2011: Great East Japan Earthquake

The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.

15/09/2008: Lehman Brothers bankruptcy

The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.

20/03/1995: Kobe earthquake

The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.

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.

22/09/1985: Plaza Accord

Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.

01/03/1973: Yen becomes a floating currency

The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

15/12/1953: Yen is introduced

The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.

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 Japanese Yen Burmese kyat