Burmese kyat united states dollar history for July 2023. The highest quote for this month is 0.00048 (05/07/2023) and the lowest 0.000482 (31/07/2023). The difference between high and low is -0.42.
MMK USD average rate for July 2023 is 0.00048, the change between 01/07/2023 and 31/07/2023 is -0.42 %.
| 05 July 2023 | 1 MMK = 0.0005 USD |
| 25 July 2023 | 1 MMK = 0.0005 USD |
| 31 July 2023 | 1 MMK = 0.0005 USD |
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.
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.
01/04/1990: 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.
01/12/1964: 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.