Historic New Zealand Dollar Burmese kyat

New Zealand Dollar burmese kyat history for February 2024. The highest quote for this month is 1297.44 (24/02/2024) and the lowest 1298.89 (25/02/2024). The difference between high and low is -0.11.

NZD MMK average rate for February 2024 is 1276.59963, the change between 01/02/2024 and 29/02/2024 is +0.27 %.

01 February 20241 NZD = 1268.82 MMK
02 February 20241 NZD = 1277.71 MMK
03 February 20241 NZD = 1270.21 MMK
04 February 20241 NZD = 1270.90 MMK
05 February 20241 NZD = 1272.86 MMK
06 February 20241 NZD = 1260.23 MMK
07 February 20241 NZD = 1269.31 MMK
08 February 20241 NZD = 1270.72 MMK
09 February 20241 NZD = 1270.91 MMK
12 February 20241 NZD = 1277.27 MMK
13 February 20241 NZD = 1274.17 MMK
14 February 20241 NZD = 1259.83 MMK
15 February 20241 NZD = 1266.51 MMK
16 February 20241 NZD = 1270.32 MMK
17 February 20241 NZD = 1282.73 MMK
18 February 20241 NZD = 1283.21 MMK
19 February 20241 NZD = 1276.19 MMK
20 February 20241 NZD = 1277.15 MMK
21 February 20241 NZD = 1282.88 MMK
22 February 20241 NZD = 1285.20 MMK
23 February 20241 NZD = 1288.95 MMK
24 February 20241 NZD = 1297.44 MMK
25 February 20241 NZD = 1298.49 MMK
26 February 20241 NZD = 1285.57 MMK
27 February 20241 NZD = 1282.33 MMK
28 February 20241 NZD = 1282.86 MMK
29 February 20241 NZD = 1265.42 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.

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

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.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

01/12/1964: Kyat Revalued

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

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

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.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.
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