Historic Burmese kyat Icelandic Krona

Burmese kyat icelandic krona history for January 2024. The highest quote for this month is 0.066377 (05/01/2024) and the lowest 0.066098 (08/01/2024). The difference between high and low is 0.42.

MMK ISK average rate for January 2024 is 0.06569, the change between 01/01/2024 and 31/01/2024 is -0.79 %.

01 January 20241 MMK = 0.0651 ISK
02 January 20241 MMK = 0.0651 ISK
03 January 20241 MMK = 0.0660 ISK
04 January 20241 MMK = 0.0662 ISK
05 January 20241 MMK = 0.0660 ISK
08 January 20241 MMK = 0.0663 ISK
09 January 20241 MMK = 0.0661 ISK
10 January 20241 MMK = 0.0660 ISK
11 January 20241 MMK = 0.0655 ISK
12 January 20241 MMK = 0.0656 ISK
15 January 20241 MMK = 0.0657 ISK
16 January 20241 MMK = 0.0655 ISK
17 January 20241 MMK = 0.0658 ISK
18 January 20241 MMK = 0.0659 ISK
19 January 20241 MMK = 0.0659 ISK
22 January 20241 MMK = 0.0656 ISK
23 January 20241 MMK = 0.0655 ISK
24 January 20241 MMK = 0.0656 ISK
25 January 20241 MMK = 0.0652 ISK
26 January 20241 MMK = 0.0655 ISK
29 January 20241 MMK = 0.0656 ISK
30 January 20241 MMK = 0.0658 ISK
31 January 20241 MMK = 0.0656 ISK

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.

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

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.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

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.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

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.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.
MMK ISK July 2023
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MMK ISK January 2024
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