Historic Burmese kyat South Korean Won

Burmese kyat south korean won history for January 2024. The highest quote for this month is 0.64822 (17/01/2024) and the lowest 0.64295 (18/01/2024). The difference between high and low is 0.81.

MMK KRW average rate for January 2024 is 0.63501, the change between 01/01/2024 and 31/01/2024 is -2.79 %.

01 January 20241 MMK = 0.6207 KRW
02 January 20241 MMK = 0.6201 KRW
03 January 20241 MMK = 0.6285 KRW
04 January 20241 MMK = 0.6302 KRW
05 January 20241 MMK = 0.6305 KRW
06 January 20241 MMK = 0.6283 KRW
07 January 20241 MMK = 0.6277 KRW
08 January 20241 MMK = 0.6331 KRW
09 January 20241 MMK = 0.6310 KRW
10 January 20241 MMK = 0.6348 KRW
11 January 20241 MMK = 0.6335 KRW
12 January 20241 MMK = 0.6307 KRW
14 January 20241 MMK = 0.6272 KRW
15 January 20241 MMK = 0.6321 KRW
16 January 20241 MMK = 0.6351 KRW
17 January 20241 MMK = 0.6423 KRW
18 January 20241 MMK = 0.6463 KRW
19 January 20241 MMK = 0.6432 KRW
22 January 20241 MMK = 0.6415 KRW
23 January 20241 MMK = 0.6439 KRW
24 January 20241 MMK = 0.6431 KRW
25 January 20241 MMK = 0.6396 KRW
26 January 20241 MMK = 0.6421 KRW
28 January 20241 MMK = 0.6385 KRW
29 January 20241 MMK = 0.6422 KRW
30 January 20241 MMK = 0.6414 KRW
31 January 20241 MMK = 0.6380 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.
MMK KRW January 2024
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