Historic Burmese kyat Saudi riyal

Burmese kyat saudi riyal history for January 2024. The highest quote for this month is 0.001804 (08/01/2024) and the lowest 0.001806 (08/01/2024). The difference between high and low is -0.11.

MMK SAR average rate for January 2024 is 0.0018, the change between 01/01/2024 and 31/01/2024 is -0.22 %.

01 January 20241 MMK = 0.0018 SAR
02 January 20241 MMK = 0.0018 SAR
03 January 20241 MMK = 0.0018 SAR
04 January 20241 MMK = 0.0018 SAR
05 January 20241 MMK = 0.0018 SAR
06 January 20241 MMK = 0.0018 SAR
07 January 20241 MMK = 0.0018 SAR
08 January 20241 MMK = 0.0018 SAR
09 January 20241 MMK = 0.0018 SAR
10 January 20241 MMK = 0.0018 SAR
11 January 20241 MMK = 0.0018 SAR
12 January 20241 MMK = 0.0018 SAR
14 January 20241 MMK = 0.0018 SAR
15 January 20241 MMK = 0.0018 SAR
16 January 20241 MMK = 0.0018 SAR
17 January 20241 MMK = 0.0018 SAR
18 January 20241 MMK = 0.0018 SAR
19 January 20241 MMK = 0.0018 SAR
22 January 20241 MMK = 0.0018 SAR
23 January 20241 MMK = 0.0018 SAR
24 January 20241 MMK = 0.0018 SAR
25 January 20241 MMK = 0.0018 SAR
26 January 20241 MMK = 0.0018 SAR
28 January 20241 MMK = 0.0018 SAR
29 January 20241 MMK = 0.0018 SAR
30 January 20241 MMK = 0.0018 SAR
31 January 20241 MMK = 0.0018 SAR

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.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

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.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.
MMK SAR August 2023
MMK SAR September 2023
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MMK SAR December 2023
MMK SAR January 2024
MMK SAR February 2024
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MMK SAR April 2024
MMK SAR May 2024
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MMK SAR August 2024