Nepalese rupee burmese kyat exchange rate history (NPR MMK) August 2023

Nepalese rupee burmese kyat history for August 2023. The highest quote for this month is 15.99 (01/08/2023) and the lowest 15.991 (02/08/2023). The difference between high and low is -0.01.

NPR MMK average rate for August 2023 is 15.88163, the change between 01/08/2023 and 31/08/2023 is +0.54 %.

01 August 2023	1 NPR = 15.99 MMK
02 August 2023	1 NPR = 15.99 MMK
03 August 2023	1 NPR = 15.93 MMK
04 August 2023	1 NPR = 15.90 MMK
07 August 2023	1 NPR = 15.89 MMK
08 August 2023	1 NPR = 15.90 MMK
09 August 2023	1 NPR = 15.89 MMK
10 August 2023	1 NPR = 15.88 MMK
11 August 2023	1 NPR = 15.88 MMK
12 August 2023	1 NPR = 15.83 MMK
14 August 2023	1 NPR = 15.88 MMK
15 August 2023	1 NPR = 15.86 MMK
16 August 2023	1 NPR = 15.77 MMK
17 August 2023	1 NPR = 15.81 MMK
18 August 2023	1 NPR = 15.81 MMK
21 August 2023	1 NPR = 15.82 MMK
22 August 2023	1 NPR = 15.83 MMK
23 August 2023	1 NPR = 15.85 MMK
24 August 2023	1 NPR = 15.90 MMK
25 August 2023	1 NPR = 15.94 MMK
28 August 2023	1 NPR = 15.91 MMK
29 August 2023	1 NPR = 15.92 MMK
30 August 2023	1 NPR = 15.90 MMK
31 August 2023	1 NPR = 15.90 MMK

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.

20/09/2015: Adoption of New Constitution

Nepal adopted a new constitution, resulting in political unrest and affecting the Nepalese Rupee's stability.

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.

26/10/1999: Maoist Insurgency Begins

The start of the Maoist insurgency in Nepal led to political instability and economic challenges, impacting the value of the Nepalese Rupee.

08/04/1993: Nepalese Rupee's Peg to Indian Rupee

The Nepalese Rupee was pegged to the Indian Rupee at a fixed exchange rate.

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.

30/12/1972: Reintroduction of Nepalese Rupee

Nepal reintroduced the Nepalese Rupee as the official currency, separating it from the Indian Rupee.

01/12/1964: Kyat Revalued

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

12/03/1960: Replacement of Nepalese Rupee

The Nepalese Rupee was replaced by the Indian Rupee as the legal tender in Nepal.

15/12/1959: Nepal Rastra Bank Established

Nepal Rastra Bank, the central bank of Nepal, was established to oversee the monetary system and issue the Nepalese Rupee.

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.

07/04/1932: Introduction of Nepalese Rupee

The Nepalese Rupee was officially introduced as the currency of Nepal, replacing the silver mohar.

Historic Nepalese rupee Burmese kyat