Historic Burmese kyat Arab Emirates Dirham

Burmese kyat arab emirates dirham history for December 2023. The highest quote for this month is 0.001767 (19/12/2023) and the lowest 0.001784 (14/12/2023). The difference between high and low is -0.96.

MMK AED average rate for December 2023 is 0.00176, the change between 01/12/2023 and 31/12/2023 is +0.45 %.

01 December 20231 MMK = 0.0018 AED
02 December 20231 MMK = 0.0018 AED
03 December 20231 MMK = 0.0018 AED
04 December 20231 MMK = 0.0018 AED
05 December 20231 MMK = 0.0018 AED
06 December 20231 MMK = 0.0018 AED
07 December 20231 MMK = 0.0018 AED
08 December 20231 MMK = 0.0018 AED
10 December 20231 MMK = 0.0018 AED
11 December 20231 MMK = 0.0018 AED
12 December 20231 MMK = 0.0018 AED
13 December 20231 MMK = 0.0018 AED
14 December 20231 MMK = 0.0018 AED
15 December 20231 MMK = 0.0018 AED
16 December 20231 MMK = 0.0018 AED
17 December 20231 MMK = 0.0018 AED
18 December 20231 MMK = 0.0018 AED
19 December 20231 MMK = 0.0018 AED
20 December 20231 MMK = 0.0018 AED
21 December 20231 MMK = 0.0018 AED
22 December 20231 MMK = 0.0018 AED
23 December 20231 MMK = 0.0018 AED
24 December 20231 MMK = 0.0018 AED
25 December 20231 MMK = 0.0018 AED
26 December 20231 MMK = 0.0018 AED
27 December 20231 MMK = 0.0018 AED
28 December 20231 MMK = 0.0018 AED
29 December 20231 MMK = 0.0018 AED

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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

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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