Historic Burmese kyat Qatari Rial

Burmese kyat qatari rial history for February 2024. The highest quote for this month is 0.00175 (07/02/2024) and the lowest 0.00176 (02/02/2024). The difference between high and low is -0.57.

MMK QAR average rate for February 2024 is 0.00175, the change between 01/02/2024 and 29/02/2024 is 0 %.

01 February 20241 MMK = 0.0018 QAR
02 February 20241 MMK = 0.0018 QAR
03 February 20241 MMK = 0.0017 QAR
04 February 20241 MMK = 0.0017 QAR
05 February 20241 MMK = 0.0017 QAR
06 February 20241 MMK = 0.0017 QAR
07 February 20241 MMK = 0.0017 QAR
08 February 20241 MMK = 0.0017 QAR
09 February 20241 MMK = 0.0017 QAR
12 February 20241 MMK = 0.0018 QAR
13 February 20241 MMK = 0.0018 QAR
14 February 20241 MMK = 0.0018 QAR
15 February 20241 MMK = 0.0018 QAR
16 February 20241 MMK = 0.0018 QAR
17 February 20241 MMK = 0.0017 QAR
18 February 20241 MMK = 0.0017 QAR
19 February 20241 MMK = 0.0018 QAR
20 February 20241 MMK = 0.0018 QAR
21 February 20241 MMK = 0.0017 QAR
22 February 20241 MMK = 0.0018 QAR
23 February 20241 MMK = 0.0017 QAR
24 February 20241 MMK = 0.0017 QAR
25 February 20241 MMK = 0.0017 QAR
26 February 20241 MMK = 0.0018 QAR
27 February 20241 MMK = 0.0018 QAR
28 February 20241 MMK = 0.0018 QAR
29 February 20241 MMK = 0.0018 QAR

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.

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

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.

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 rupees.

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.
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