Historic Kazakhstani tenge Burmese kyat

Kazakhstani tenge burmese kyat history for February 2024. The highest quote for this month is 4.6663 (14/02/2024) and the lowest 4.6846 (12/02/2024). The difference between high and low is -0.39.

KZT MMK average rate for February 2024 is 4.64582, the change between 01/02/2024 and 29/02/2024 is +0.09 %.

01 February 20241 KZT = 4.650 MMK
02 February 20241 KZT = 4.649 MMK
03 February 20241 KZT = 4.635 MMK
04 February 20241 KZT = 4.635 MMK
05 February 20241 KZT = 4.629 MMK
06 February 20241 KZT = 4.594 MMK
07 February 20241 KZT = 4.616 MMK
08 February 20241 KZT = 4.614 MMK
09 February 20241 KZT = 4.648 MMK
12 February 20241 KZT = 4.685 MMK
13 February 20241 KZT = 4.666 MMK
14 February 20241 KZT = 4.666 MMK
15 February 20241 KZT = 4.667 MMK
16 February 20241 KZT = 4.662 MMK
17 February 20241 KZT = 4.659 MMK
18 February 20241 KZT = 4.659 MMK
19 February 20241 KZT = 4.651 MMK
20 February 20241 KZT = 4.638 MMK
21 February 20241 KZT = 4.616 MMK
22 February 20241 KZT = 4.641 MMK
23 February 20241 KZT = 4.633 MMK
24 February 20241 KZT = 4.661 MMK
25 February 20241 KZT = 4.661 MMK
26 February 20241 KZT = 4.640 MMK
27 February 20241 KZT = 4.670 MMK
28 February 20241 KZT = 4.649 MMK
29 February 20241 KZT = 4.646 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.
KZT MMK August 2023
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