Burmese kyat south african rand exchange rate history (MMK ZAR) February 2024

Burmese kyat south african rand history for February 2024. The highest quote for this month is 0.009298 (26/02/2024) and the lowest 0.009256 (26/02/2024). The difference between high and low is 0.45.

MMK ZAR average rate for February 2024 is 0.00911, the change between 01/02/2024 and 29/02/2024 is -3.47 %.

01 February 2024	1 MMK = 0.0090 ZAR
02 February 2024	1 MMK = 0.0089 ZAR
03 February 2024	1 MMK = 0.0090 ZAR
04 February 2024	1 MMK = 0.0090 ZAR
05 February 2024	1 MMK = 0.0090 ZAR
06 February 2024	1 MMK = 0.0091 ZAR
07 February 2024	1 MMK = 0.0090 ZAR
08 February 2024	1 MMK = 0.0091 ZAR
09 February 2024	1 MMK = 0.0091 ZAR
12 February 2024	1 MMK = 0.0091 ZAR
13 February 2024	1 MMK = 0.0091 ZAR
14 February 2024	1 MMK = 0.0092 ZAR
15 February 2024	1 MMK = 0.0092 ZAR
16 February 2024	1 MMK = 0.0091 ZAR
17 February 2024	1 MMK = 0.0090 ZAR
18 February 2024	1 MMK = 0.0090 ZAR
19 February 2024	1 MMK = 0.0091 ZAR
20 February 2024	1 MMK = 0.0091 ZAR
21 February 2024	1 MMK = 0.0091 ZAR
22 February 2024	1 MMK = 0.0091 ZAR
23 February 2024	1 MMK = 0.0092 ZAR
24 February 2024	1 MMK = 0.0092 ZAR
25 February 2024	1 MMK = 0.0092 ZAR
26 February 2024	1 MMK = 0.0093 ZAR
27 February 2024	1 MMK = 0.0092 ZAR
28 February 2024	1 MMK = 0.0092 ZAR
29 February 2024	1 MMK = 0.0093 ZAR

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.

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

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.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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.

Historic Burmese kyat South African rand