Historic Burmese kyat Swiss franc

Burmese kyat swiss franc history for January 2024. The highest quote for this month is 0.00042 (23/01/2024) and the lowest 0.000417 (19/01/2024). The difference between high and low is 0.71.

MMK CHF average rate for January 2024 is 0.00041, the change between 01/01/2024 and 31/01/2024 is -2.73 %.

01 January 20241 MMK = 0.0004 CHF
02 January 20241 MMK = 0.0004 CHF
03 January 20241 MMK = 0.0004 CHF
04 January 20241 MMK = 0.0004 CHF
05 January 20241 MMK = 0.0004 CHF
08 January 20241 MMK = 0.0004 CHF
09 January 20241 MMK = 0.0004 CHF
10 January 20241 MMK = 0.0004 CHF
11 January 20241 MMK = 0.0004 CHF
12 January 20241 MMK = 0.0004 CHF
14 January 20241 MMK = 0.0004 CHF
15 January 20241 MMK = 0.0004 CHF
16 January 20241 MMK = 0.0004 CHF
17 January 20241 MMK = 0.0004 CHF
18 January 20241 MMK = 0.0004 CHF
19 January 20241 MMK = 0.0004 CHF
22 January 20241 MMK = 0.0004 CHF
23 January 20241 MMK = 0.0004 CHF
24 January 20241 MMK = 0.0004 CHF
25 January 20241 MMK = 0.0004 CHF
26 January 20241 MMK = 0.0004 CHF
28 January 20241 MMK = 0.0004 CHF
29 January 20241 MMK = 0.0004 CHF
30 January 20241 MMK = 0.0004 CHF
31 January 20241 MMK = 0.0004 CHF

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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

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.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

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.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.
MMK CHF December 2023
MMK CHF January 2024
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