South African rand burmese kyat exchange rate history (ZAR MMK) December 2023

South African rand burmese kyat history for December 2023. The highest quote for this month is 114.13 (16/12/2023) and the lowest 115.94 (25/12/2023). The difference between high and low is -1.59.

ZAR MMK average rate for December 2023 is 112.12071, the change between 01/12/2023 and 31/12/2023 is -1.99 %.

01 December 2023	1 ZAR = 110.4 MMK
02 December 2023	1 ZAR = 112.4 MMK
03 December 2023	1 ZAR = 112.4 MMK
04 December 2023	1 ZAR = 112.0 MMK
05 December 2023	1 ZAR = 110.7 MMK
06 December 2023	1 ZAR = 109.7 MMK
07 December 2023	1 ZAR = 109.8 MMK
08 December 2023	1 ZAR = 110.7 MMK
10 December 2023	1 ZAR = 110.3 MMK
11 December 2023	1 ZAR = 110.2 MMK
12 December 2023	1 ZAR = 109.1 MMK
13 December 2023	1 ZAR = 109.9 MMK
14 December 2023	1 ZAR = 111.5 MMK
15 December 2023	1 ZAR = 113.5 MMK
16 December 2023	1 ZAR = 114.1 MMK
17 December 2023	1 ZAR = 114.1 MMK
18 December 2023	1 ZAR = 114.4 MMK
19 December 2023	1 ZAR = 112.0 MMK
20 December 2023	1 ZAR = 113.4 MMK
21 December 2023	1 ZAR = 114.0 MMK
22 December 2023	1 ZAR = 114.5 MMK
23 December 2023	1 ZAR = 113.5 MMK
24 December 2023	1 ZAR = 113.5 MMK
25 December 2023	1 ZAR = 112.8 MMK
26 December 2023	1 ZAR = 112.9 MMK
27 December 2023	1 ZAR = 111.7 MMK
28 December 2023	1 ZAR = 113.4 MMK
29 December 2023	1 ZAR = 112.6 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.

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

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.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

01/12/1964: Kyat Revalued

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

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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 South African rand Burmese kyat