Historic Qatari Rial Burmese kyat

Qatari Rial burmese kyat history for February 2024. The highest quote for this month is 577.48 (05/02/2024) and the lowest 575.27 (03/02/2024). The difference between high and low is 0.38.

QAR MMK average rate for February 2024 is 572.46407, the change between 01/02/2024 and 29/02/2024 is +0.01 %.

01 February 20241 QAR = 570.6 MMK
02 February 20241 QAR = 571.4 MMK
03 February 20241 QAR = 575.2 MMK
04 February 20241 QAR = 575.2 MMK
05 February 20241 QAR = 576.7 MMK
06 February 20241 QAR = 572.1 MMK
07 February 20241 QAR = 571.8 MMK
08 February 20241 QAR = 571.6 MMK
09 February 20241 QAR = 571.8 MMK
12 February 20241 QAR = 571.0 MMK
13 February 20241 QAR = 571.5 MMK
14 February 20241 QAR = 571.6 MMK
15 February 20241 QAR = 571.6 MMK
16 February 20241 QAR = 571.3 MMK
17 February 20241 QAR = 575.2 MMK
18 February 20241 QAR = 575.2 MMK
19 February 20241 QAR = 571.6 MMK
20 February 20241 QAR = 571.4 MMK
21 February 20241 QAR = 571.6 MMK
22 February 20241 QAR = 571.5 MMK
23 February 20241 QAR = 571.8 MMK
24 February 20241 QAR = 575.2 MMK
25 February 20241 QAR = 575.2 MMK
26 February 20241 QAR = 571.1 MMK
27 February 20241 QAR = 571.6 MMK
28 February 20241 QAR = 571.5 MMK
29 February 20241 QAR = 570.5 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.

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

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.

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 rupees.

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.
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