Burmese kyat united states dollar exchange rate history (MMK USD) October 2023

Burmese kyat united states dollar history for October 2023. The highest quote for this month is 0.000482 (17/10/2023) and the lowest 0.000485 (24/10/2023). The difference between high and low is -0.62.

MMK USD average rate for October 2023 is 0.00048, the change between 01/10/2023 and 31/10/2023 is -0.63 %.

01 October 2023	1 MMK = 0.0005 USD
03 October 2023	1 MMK = 0.0005 USD
04 October 2023	1 MMK = 0.0005 USD
06 October 2023	1 MMK = 0.0005 USD
07 October 2023	1 MMK = 0.0005 USD
09 October 2023	1 MMK = 0.0005 USD
10 October 2023	1 MMK = 0.0005 USD
11 October 2023	1 MMK = 0.0005 USD
13 October 2023	1 MMK = 0.0005 USD
16 October 2023	1 MMK = 0.0005 USD
17 October 2023	1 MMK = 0.0005 USD
18 October 2023	1 MMK = 0.0005 USD
19 October 2023	1 MMK = 0.0005 USD
20 October 2023	1 MMK = 0.0005 USD
21 October 2023	1 MMK = 0.0005 USD
22 October 2023	1 MMK = 0.0005 USD
23 October 2023	1 MMK = 0.0005 USD
24 October 2023	1 MMK = 0.0005 USD
25 October 2023	1 MMK = 0.0005 USD
26 October 2023	1 MMK = 0.0005 USD
27 October 2023	1 MMK = 0.0005 USD
28 October 2023	1 MMK = 0.0005 USD
29 October 2023	1 MMK = 0.0005 USD
30 October 2023	1 MMK = 0.0005 USD
31 October 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.