Burmese kyat south korean won exchange rate history (MMK KRW) November 2023

Burmese kyat south korean won history for November 2023. The highest quote for this month is 0.65404 (01/11/2023) and the lowest 0.64855 (01/11/2023). The difference between high and low is 0.84.

MMK KRW average rate for November 2023 is 0.62788, the change between 01/11/2023 and 30/11/2023 is +4.6 %.

01 November 2023	1 MMK = 0.6495 KRW
02 November 2023	1 MMK = 0.6486 KRW
03 November 2023	1 MMK = 0.6425 KRW
06 November 2023	1 MMK = 0.6342 KRW
07 November 2023	1 MMK = 0.6237 KRW
08 November 2023	1 MMK = 0.6279 KRW
09 November 2023	1 MMK = 0.6287 KRW
10 November 2023	1 MMK = 0.6325 KRW
12 November 2023	1 MMK = 0.6288 KRW
13 November 2023	1 MMK = 0.6369 KRW
14 November 2023	1 MMK = 0.6338 KRW
15 November 2023	1 MMK = 0.6275 KRW
16 November 2023	1 MMK = 0.6255 KRW
17 November 2023	1 MMK = 0.6211 KRW
18 November 2023	1 MMK = 0.6182 KRW
19 November 2023	1 MMK = 0.6182 KRW
20 November 2023	1 MMK = 0.6255 KRW
21 November 2023	1 MMK = 0.6196 KRW
22 November 2023	1 MMK = 0.6230 KRW
23 November 2023	1 MMK = 0.6248 KRW
24 November 2023	1 MMK = 0.6247 KRW
26 November 2023	1 MMK = 0.6224 KRW
27 November 2023	1 MMK = 0.6222 KRW
28 November 2023	1 MMK = 0.6262 KRW
29 November 2023	1 MMK = 0.6195 KRW
30 November 2023	1 MMK = 0.6196 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.

Historic Burmese kyat South Korean Won