South Korean Won burmese kyat exchange rate history (KRW MMK) December 2023

South Korean Won burmese kyat history for December 2023. The highest quote for this month is 1.6181 (02/12/2023) and the lowest 1.6517 (29/12/2023). The difference between high and low is -2.08.

KRW MMK average rate for December 2023 is 1.60414, the change between 01/12/2023 and 31/12/2023 is -2 %.

01 December 2023	1 KRW = 1.604 MMK
02 December 2023	1 KRW = 1.619 MMK
03 December 2023	1 KRW = 1.618 MMK
04 December 2023	1 KRW = 1.602 MMK
05 December 2023	1 KRW = 1.591 MMK
06 December 2023	1 KRW = 1.583 MMK
07 December 2023	1 KRW = 1.585 MMK
08 December 2023	1 KRW = 1.585 MMK
10 December 2023	1 KRW = 1.590 MMK
11 December 2023	1 KRW = 1.582 MMK
12 December 2023	1 KRW = 1.585 MMK
13 December 2023	1 KRW = 1.587 MMK
14 December 2023	1 KRW = 1.610 MMK
15 December 2023	1 KRW = 1.609 MMK
16 December 2023	1 KRW = 1.610 MMK
17 December 2023	1 KRW = 1.610 MMK
18 December 2023	1 KRW = 1.638 MMK
19 December 2023	1 KRW = 1.596 MMK
20 December 2023	1 KRW = 1.601 MMK
21 December 2023	1 KRW = 1.604 MMK
22 December 2023	1 KRW = 1.610 MMK
23 December 2023	1 KRW = 1.614 MMK
24 December 2023	1 KRW = 1.614 MMK
25 December 2023	1 KRW = 1.605 MMK
26 December 2023	1 KRW = 1.609 MMK
27 December 2023	1 KRW = 1.610 MMK
28 December 2023	1 KRW = 1.606 MMK
29 December 2023	1 KRW = 1.636 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.

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.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

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.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

01/12/1964: Kyat Revalued

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

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

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.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.

Historic South Korean Won Burmese kyat