Historic Philippine peso Burmese kyat

Philippine peso burmese kyat history for February 2024. The highest quote for this month is 37.461 (24/02/2024) and the lowest 38.285 (27/02/2024). The difference between high and low is -2.2.

PHP MMK average rate for February 2024 is 37.21785, the change between 01/02/2024 and 29/02/2024 is +0.23 %.

01 February 20241 PHP = 37.01 MMK
02 February 20241 PHP = 37.17 MMK
03 February 20241 PHP = 37.45 MMK
04 February 20241 PHP = 37.45 MMK
05 February 20241 PHP = 37.37 MMK
06 February 20241 PHP = 36.98 MMK
07 February 20241 PHP = 37.08 MMK
08 February 20241 PHP = 37.17 MMK
09 February 20241 PHP = 37.18 MMK
12 February 20241 PHP = 37.19 MMK
13 February 20241 PHP = 37.20 MMK
14 February 20241 PHP = 37.12 MMK
15 February 20241 PHP = 37.11 MMK
16 February 20241 PHP = 37.24 MMK
17 February 20241 PHP = 37.42 MMK
18 February 20241 PHP = 37.42 MMK
19 February 20241 PHP = 37.16 MMK
20 February 20241 PHP = 37.13 MMK
21 February 20241 PHP = 37.24 MMK
22 February 20241 PHP = 37.25 MMK
23 February 20241 PHP = 37.31 MMK
24 February 20241 PHP = 37.46 MMK
25 February 20241 PHP = 37.46 MMK
26 February 20241 PHP = 37.19 MMK
27 February 20241 PHP = 37.11 MMK
28 February 20241 PHP = 37.08 MMK
29 February 20241 PHP = 36.92 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.

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.

11/09/1970: Introduction of the New Peso

The New Central Bank Act is enacted, leading to the introduction of a new currency called the New Peso, with a conversion rate of 1 New Peso to 2 old pesos.

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.

04/07/1949: Central Bank of the Philippines

The Central Bank of the Philippines is established with the task of issuing and managing the Philippine currency.

20/10/1944: Introduction of the Philippine Liberation Peso

The United States-issued Philippine Liberation Peso is introduced to replace the Japanese-issued currency, serving as a transitional currency.

02/01/1942: Japanese Occupation

During World War II, the Japanese forces occupy the Philippines and introduce the Japanese-issued Philippine peso, known as Mickey Mouse money.

24/12/1933: Introduction of the Commonwealth Peso

The Commonwealth Act No. 265 is passed, creating a new Philippine currency called the Commonwealth Peso to replace the previous Peso.

12/06/1898: Philippine Independence

The Philippines declares independence from Spanish rule, leading to the establishment of the First Philippine Republic and the issuance of new currency.

01/05/1852: Introduction of the Peso

The Spanish colonial government issues the first official currency of the Philippines, known as the Peso, with a conversion rate of 2 Spanish reales to 1 Peso.
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