Historic United States dollar Burmese kyat

United States dollar burmese kyat history for March 2024. The highest quote for this month is 2093.68 (03/03/2024) and the lowest 2093.68 (03/03/2024). The difference between high and low is 0.

USD MMK average rate for March 2024 is 2082.314, the change between 01/03/2024 and 31/03/2024 is -0.63 %.

01 March 20241 USD = 2080.63 MMK
03 March 20241 USD = 2093.68 MMK
04 March 20241 USD = 2072.78 MMK
05 March 20241 USD = 2080.45 MMK
06 March 20241 USD = 2080.25 MMK
07 March 20241 USD = 2079.59 MMK
08 March 20241 USD = 2070.65 MMK
10 March 20241 USD = 2093.68 MMK
11 March 20241 USD = 2077.75 MMK
12 March 20241 USD = 2093.68 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.

23/04/2015: 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.

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.

01/12/1964: 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.