Historic Burmese kyat South Korean Won

Burmese kyat south korean won history for February 2024. The highest quote for this month is 0.64448 (13/02/2024) and the lowest 0.64132 (21/02/2024). The difference between high and low is 0.49.

MMK KRW average rate for February 2024 is 0.63929, the change between 01/02/2024 and 29/02/2024 is +0.01 %.

01 February 20241 MMK = 0.6425 KRW
02 February 20241 MMK = 0.6392 KRW
03 February 20241 MMK = 0.6390 KRW
04 February 20241 MMK = 0.6390 KRW
05 February 20241 MMK = 0.6374 KRW
06 February 20241 MMK = 0.6405 KRW
07 February 20241 MMK = 0.6376 KRW
08 February 20241 MMK = 0.6383 KRW
09 February 20241 MMK = 0.6399 KRW
12 February 20241 MMK = 0.6402 KRW
13 February 20241 MMK = 0.6389 KRW
14 February 20241 MMK = 0.6447 KRW
15 February 20241 MMK = 0.6377 KRW
16 February 20241 MMK = 0.6387 KRW
17 February 20241 MMK = 0.6358 KRW
18 February 20241 MMK = 0.6358 KRW
19 February 20241 MMK = 0.6403 KRW
20 February 20241 MMK = 0.6413 KRW
21 February 20241 MMK = 0.6413 KRW
22 February 20241 MMK = 0.6410 KRW
23 February 20241 MMK = 0.6379 KRW
24 February 20241 MMK = 0.6352 KRW
25 February 20241 MMK = 0.6352 KRW
26 February 20241 MMK = 0.6401 KRW
27 February 20241 MMK = 0.6405 KRW
28 February 20241 MMK = 0.6406 KRW
29 February 20241 MMK = 0.6425 KRW

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.
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