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

South African rand burmese kyat history for October 2023. The highest quote for this month is 111 (28/10/2023) and the lowest 111.21 (31/10/2023). The difference between high and low is -0.19.

ZAR MMK average rate for October 2023 is 109.48393, the change between 01/10/2023 and 31/10/2023 is +0.58 %.

01 October 2023	1 ZAR = 111.0 MMK
02 October 2023	1 ZAR = 110.4 MMK
03 October 2023	1 ZAR = 108.3 MMK
04 October 2023	1 ZAR = 107.8 MMK
05 October 2023	1 ZAR = 107.5 MMK
06 October 2023	1 ZAR = 106.3 MMK
07 October 2023	1 ZAR = 108.5 MMK
09 October 2023	1 ZAR = 106.9 MMK
10 October 2023	1 ZAR = 108.6 MMK
11 October 2023	1 ZAR = 109.5 MMK
12 October 2023	1 ZAR = 110.6 MMK
13 October 2023	1 ZAR = 109.4 MMK
16 October 2023	1 ZAR = 109.6 MMK
17 October 2023	1 ZAR = 110.8 MMK
18 October 2023	1 ZAR = 110.5 MMK
19 October 2023	1 ZAR = 109.6 MMK
20 October 2023	1 ZAR = 109.4 MMK
21 October 2023	1 ZAR = 110.9 MMK
22 October 2023	1 ZAR = 110.3 MMK
23 October 2023	1 ZAR = 109.4 MMK
24 October 2023	1 ZAR = 109.7 MMK
25 October 2023	1 ZAR = 109.4 MMK
26 October 2023	1 ZAR = 108.7 MMK
27 October 2023	1 ZAR = 109.8 MMK
28 October 2023	1 ZAR = 111.0 MMK
29 October 2023	1 ZAR = 111.0 MMK
30 October 2023	1 ZAR = 110.6 MMK
31 October 2023	1 ZAR = 110.3 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