Singapore dollar burmese kyat exchange rate history (SGD MMK) August 2023

Singapore dollar burmese kyat history for August 2023. The highest quote for this month is 1562.19 (01/08/2023) and the lowest 1565.24 (01/08/2023). The difference between high and low is -0.2.

SGD MMK average rate for August 2023 is 1541.1708, the change between 01/08/2023 and 31/08/2023 is +1.48 %.

01 August 2023	1 SGD = 1565.20 MMK
02 August 2023	1 SGD = 1559.08 MMK
03 August 2023	1 SGD = 1552.73 MMK
04 August 2023	1 SGD = 1550.76 MMK
07 August 2023	1 SGD = 1542.87 MMK
08 August 2023	1 SGD = 1550.81 MMK
09 August 2023	1 SGD = 1542.84 MMK
10 August 2023	1 SGD = 1545.26 MMK
11 August 2023	1 SGD = 1541.37 MMK
12 August 2023	1 SGD = 1548.64 MMK
14 August 2023	1 SGD = 1542.90 MMK
15 August 2023	1 SGD = 1535.13 MMK
16 August 2023	1 SGD = 1531.58 MMK
17 August 2023	1 SGD = 1529.20 MMK
18 August 2023	1 SGD = 1531.98 MMK
20 August 2023	1 SGD = 1543.04 MMK
21 August 2023	1 SGD = 1528.87 MMK
22 August 2023	1 SGD = 1531.29 MMK
23 August 2023	1 SGD = 1532.01 MMK
24 August 2023	1 SGD = 1538.29 MMK
25 August 2023	1 SGD = 1532.76 MMK
28 August 2023	1 SGD = 1535.19 MMK
29 August 2023	1 SGD = 1534.82 MMK
30 August 2023	1 SGD = 1540.69 MMK
31 August 2023	1 SGD = 1541.96 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.

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.

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.

Historic Singapore dollar Burmese kyat