Kazakhstani tenge burmese kyat exchange rate history (KZT MMK) December 2023

Kazakhstani tenge burmese kyat history for December 2023. The highest quote for this month is 4.6107 (28/12/2023) and the lowest 4.5936 (29/12/2023). The difference between high and low is 0.37.

KZT MMK average rate for December 2023 is 4.56195, the change between 01/12/2023 and 31/12/2023 is -1.25 %.

01 December 2023	1 KZT = 4.554 MMK
02 December 2023	1 KZT = 4.541 MMK
03 December 2023	1 KZT = 4.541 MMK
04 December 2023	1 KZT = 4.534 MMK
05 December 2023	1 KZT = 4.528 MMK
06 December 2023	1 KZT = 4.537 MMK
07 December 2023	1 KZT = 4.539 MMK
08 December 2023	1 KZT = 4.557 MMK
10 December 2023	1 KZT = 4.570 MMK
11 December 2023	1 KZT = 4.560 MMK
12 December 2023	1 KZT = 4.559 MMK
13 December 2023	1 KZT = 4.578 MMK
14 December 2023	1 KZT = 4.561 MMK
15 December 2023	1 KZT = 4.581 MMK
16 December 2023	1 KZT = 4.569 MMK
17 December 2023	1 KZT = 4.569 MMK
18 December 2023	1 KZT = 4.559 MMK
19 December 2023	1 KZT = 4.559 MMK
20 December 2023	1 KZT = 4.571 MMK
21 December 2023	1 KZT = 4.586 MMK
22 December 2023	1 KZT = 4.545 MMK
23 December 2023	1 KZT = 4.580 MMK
24 December 2023	1 KZT = 4.580 MMK
25 December 2023	1 KZT = 4.561 MMK
26 December 2023	1 KZT = 4.561 MMK
27 December 2023	1 KZT = 4.561 MMK
28 December 2023	1 KZT = 4.587 MMK
29 December 2023	1 KZT = 4.611 MMK

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

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.

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.

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.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.

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.

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 Kazakhstani tenge Burmese kyat