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

South African rand burmese kyat history for September 2023. The highest quote for this month is 110.68 (30/09/2023) and the lowest 112.02 (23/09/2023). The difference between high and low is -1.21.

ZAR MMK average rate for September 2023 is 109.78435, the change between 01/09/2023 and 30/09/2023 is -0.2 %.

01 September 2023	1 ZAR = 110.5 MMK
04 September 2023	1 ZAR = 111.2 MMK
05 September 2023	1 ZAR = 109.0 MMK
06 September 2023	1 ZAR = 108.9 MMK
07 September 2023	1 ZAR = 108.2 MMK
08 September 2023	1 ZAR = 108.7 MMK
11 September 2023	1 ZAR = 108.9 MMK
12 September 2023	1 ZAR = 110.2 MMK
13 September 2023	1 ZAR = 109.9 MMK
14 September 2023	1 ZAR = 110.6 MMK
15 September 2023	1 ZAR = 109.3 MMK
18 September 2023	1 ZAR = 109.4 MMK
19 September 2023	1 ZAR = 109.4 MMK
20 September 2023	1 ZAR = 110.0 MMK
21 September 2023	1 ZAR = 110.4 MMK
22 September 2023	1 ZAR = 109.8 MMK
23 September 2023	1 ZAR = 111.6 MMK
25 September 2023	1 ZAR = 110.6 MMK
26 September 2023	1 ZAR = 110.8 MMK
27 September 2023	1 ZAR = 109.1 MMK
28 September 2023	1 ZAR = 108.4 MMK
29 September 2023	1 ZAR = 109.6 MMK
30 September 2023	1 ZAR = 110.7 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