Historic Burmese kyat Hungarian forint

Burmese kyat hungarian forint history for January 2024. The highest quote for this month is 0.17348 (30/01/2024) and the lowest 0.17174 (29/01/2024). The difference between high and low is 1.

MMK HUF average rate for January 2024 is 0.16791, the change between 01/01/2024 and 31/01/2024 is -3.13 %.

01 January 20241 MMK = 0.1661 HUF
02 January 20241 MMK = 0.1660 HUF
03 January 20241 MMK = 0.1676 HUF
04 January 20241 MMK = 0.1674 HUF
05 January 20241 MMK = 0.1663 HUF
06 January 20241 MMK = 0.1649 HUF
07 January 20241 MMK = 0.1649 HUF
08 January 20241 MMK = 0.1664 HUF
09 January 20241 MMK = 0.1659 HUF
10 January 20241 MMK = 0.1666 HUF
11 January 20241 MMK = 0.1657 HUF
12 January 20241 MMK = 0.1658 HUF
14 January 20241 MMK = 0.1653 HUF
15 January 20241 MMK = 0.1667 HUF
16 January 20241 MMK = 0.1665 HUF
17 January 20241 MMK = 0.1674 HUF
18 January 20241 MMK = 0.1679 HUF
19 January 20241 MMK = 0.1690 HUF
22 January 20241 MMK = 0.1687 HUF
23 January 20241 MMK = 0.1695 HUF
24 January 20241 MMK = 0.1710 HUF
25 January 20241 MMK = 0.1711 HUF
26 January 20241 MMK = 0.1706 HUF
28 January 20241 MMK = 0.1704 HUF
29 January 20241 MMK = 0.1719 HUF
30 January 20241 MMK = 0.1727 HUF
31 January 20241 MMK = 0.1713 HUF

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.

09/03/2012: Introduction of New Banknotes

Hungary introduced new banknotes with enhanced security features, aiming to combat counterfeiting and improve the forint's credibility.

23/10/2008: Global Financial Crisis

The global financial crisis had a significant impact on the Hungarian forint, resulting in a significant depreciation against major foreign currencies.

01/05/2004: Accession to the European Union

Hungary joined the European Union, bringing the forint closer to the eurozone and influencing its future trajectory as an EU currency.

28/02/2001: Currency Exchange Rate Stability

The Hungarian government adopted a policy of maintaining a stable exchange rate for the forint against the euro, contributing to the currency's stability.

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.

16/06/1989: Transition to a Market Economy

Hungary implemented economic reforms, including the transition from a planned economy to a market economy, with significant impacts on the forint's value and exchange rate.

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.

20/08/1949: Forint becomes a planned economy currency

Hungary's currency, including the forint, became part of the planned socialist economy under the control of the Hungarian Workers' Party.

03/08/1946: Introduction of the Forint

The forint was introduced as the official currency of Hungary, replacing the previous pengő, which had been severely devalued during World War II.
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