Burmese kyat mongolian tugrik exchange rate history (MMK MNT) December 2023

Burmese kyat mongolian tugrik history for December 2023. The highest quote for this month is 1.6491 (01/12/2023) and the lowest 1.662 (14/12/2023). The difference between high and low is -0.78.

MMK MNT average rate for December 2023 is 1.64131, the change between 01/12/2023 and 31/12/2023 is +1.15 %.

01 December 2023	1 MMK = 1.650 MNT
02 December 2023	1 MMK = 1.639 MNT
03 December 2023	1 MMK = 1.639 MNT
04 December 2023	1 MMK = 1.649 MNT
05 December 2023	1 MMK = 1.649 MNT
06 December 2023	1 MMK = 1.650 MNT
07 December 2023	1 MMK = 1.646 MNT
08 December 2023	1 MMK = 1.646 MNT
10 December 2023	1 MMK = 1.636 MNT
11 December 2023	1 MMK = 1.644 MNT
12 December 2023	1 MMK = 1.646 MNT
13 December 2023	1 MMK = 1.645 MNT
14 December 2023	1 MMK = 1.645 MNT
15 December 2023	1 MMK = 1.645 MNT
16 December 2023	1 MMK = 1.633 MNT
17 December 2023	1 MMK = 1.633 MNT
18 December 2023	1 MMK = 1.635 MNT
19 December 2023	1 MMK = 1.643 MNT
20 December 2023	1 MMK = 1.645 MNT
21 December 2023	1 MMK = 1.643 MNT
22 December 2023	1 MMK = 1.643 MNT
23 December 2023	1 MMK = 1.632 MNT
24 December 2023	1 MMK = 1.631 MNT
26 December 2023	1 MMK = 1.639 MNT
27 December 2023	1 MMK = 1.638 MNT
28 December 2023	1 MMK = 1.640 MNT
29 December 2023	1 MMK = 1.631 MNT

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.

01/01/2017: Floating Exchange Rate Regime

Mongolia adopts a fully floating exchange rate regime for the Tugrik, allowing the currency's value to be determined by market forces without intervention from the central bank.

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.

26/06/2009: Currency Redenomination

Mongolia redenominates its currency, replacing the old Tugrik banknotes with new ones at a ratio of 1 to 1000, in an effort to simplify transactions and reduce inflation.

06/03/1993: Mongolia Joins IMF

Mongolia becomes a member of the International Monetary Fund (IMF), influencing monetary policies and further shaping the development of the Tugrik currency.

01/07/1992: Tugrik Exchange Rate Liberalization

Mongolia liberalizes the exchange rate of the Tugrik, allowing it to fluctuate based on market forces and paving the way for a more flexible currency system.

21/12/1991: Transition to Market Economy

Mongolia undergoes a transition from a centrally planned economy to a market economy, leading to major changes in the Tugrik currency system.

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.

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.

04/07/1946: Mongolian People's Bank Established

The Mongolian People's Bank is established as the central bank of Mongolia, responsible for issuing and managing the Tugrik currency.

01/12/1925: Introduction of the Tugrik Currency

Mongolia officially introduces the Tugrik as its national currency, replacing the previous currency system.

Historic Burmese kyat Mongolian Tugrik