Mmk Myanmar Kyat Overview and Dollar Exchange Rates

The Myanmar Kyat, or MMK, is the official currency of Myanmar. It's widely accepted and used for everyday transactions.

In Myanmar, you can exchange your money for MMK at various currency exchange offices, banks, and even some hotels. The exchange rate varies depending on the location and the type of currency being exchanged.

The dollar exchange rate is a crucial aspect to consider when traveling to Myanmar. As of [current date], the exchange rate is approximately 1 USD to 1,700 MMK, although this rate can fluctuate.

You can check the current exchange rate at a local bank or currency exchange office.

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The current exchange rate between the US dollar and the Myanmar kyat is a crucial piece of information for anyone traveling to or doing business in Myanmar. As of January 27, 2025, the best USD to MMK exchange rate is 2,098.00 MMK.

The exchange rate has fluctuated over the years, with the lowest point being 2,090.75 MMK per US dollar on March 7, 2024. The black market rate has also varied, with the kyat trading for as high as Ks. 850/- per USD during the 2003 Myanmar banking crisis.

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You can find the current exchange rate on various websites, including one that shows the high, low, and average exchange rates for the last 30 and 90 days. As of January 2025, the high and low exchange rates for the last 30 days are both 2,098.00 MMK, with an average rate of 2,098.00 MMK.

Here's a breakdown of the current exchange rate for different amounts of US dollars:

Keep in mind that the exchange rate can fluctuate, so it's always a good idea to check the current rate before making any transactions.

The Myanmar Kyat has a rich history dating back to the Konbaung dynasty. During this time, the Royal Mint in Mandalay was established by King Mindon Min.

The first kyat coin was minted in denominations of 1 kyat, with gold coins also issued in 1866 for 1 pe, 2+1⁄2 mu, and 1 kyat. Further gold coins were issued in 1878 for 5 mu.

The Royal Mint in Mandalay was a significant milestone in the history of the Myanmar Kyat, allowing for the mass production of coins with the Royal Peacock Seal on the obverse and the denomination and mint date on the reverse.

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The first denomination of the kyat in Burma was introduced in 1852 and remained in use until 1889. It was a silver and gold coinage.

The kyat was divided into smaller units, with 16 pe making up one kyat. Each pe was further divided into 4 pya.

The mu was worth 2 pe, and the mat was worth 4 pe, providing a clear hierarchy of denominations.

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The Second Kyat was introduced in 1943, replacing the rupee-based currency that the Japanese had introduced earlier in their occupation of Burma.

This new currency was subdivided into 100 cents, giving people a new way to make purchases and transactions.

However, the Second Kyat didn't last long, as the Burmese rupee was reintroduced in 1945, making the Second Kyat worthless.

The reintroduction of the Burmese rupee marked the end of the Second Kyat's brief existence.

The third kyat was introduced on July 1, 1952, replacing the rupee at par.

This change marked a significant shift in the country's currency system.

The kyat was subdivided into 100 pyas as part of the decimalisation process.

The dollar exchange rates in Myanmar have fluctuated significantly over the years. The lowest USD to MMK exchange rate in the last year was 2,090.75 Myanmar Kyats per US Dollar on March 7, 2024.

The highest USD to MMK exchange rate in the last year was 3,247.00 Myanmar Kyats per US Dollar on July 19, 2024. This is a stark contrast to the average exchange rate over the past year, which was 2,116.67 Myanmar Kyats per US Dollar.

The exchange rate has also varied significantly over the past decade. The US Dollar has appreciated by +60.45% against the Myanmar Kyat over the last 10 years, making it a more valuable currency.

Here's a list of the highest USD to MMK exchange rates in the last 10 years:

The best USD to MMK exchange rate today is 2,098.00 MMK, making it a good time to exchange your dollars for kyats.

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The Myanmar Kyat (MMK) is the official currency of Myanmar, and converting US Dollars (USD) to MMK can be a bit tricky. The exchange rate can fluctuate greatly, with the official rate being around 2,098.00 MMK per USD as of January 27, 2025.

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You can use online tools or consult a currency exchange service to get the most up-to-date exchange rates. For example, as of January 27, 2025, 100 US Dollars is equivalent to 209,800 Myanmar Kyats.

To give you a better idea of the exchange rates, here's a breakdown of the conversion rates from USD to MMK:

Keep in mind that these rates are subject to change and may not reflect the current market rate. It's always a good idea to double-check the exchange rates before making any transactions.

The US Dollar can be converted to Myanmar Kyats at various exchange rates. The average exchange rate over a period of time can be quite high, such as 2,116.67 Myanmar Kyats per US Dollar from January 2024 to January 2025.

You can find current exchange rates by checking online conversion charts or tables. For example, as of January 27, 2025, 100 US Dollars is equivalent to 209,800 Myanmar Kyats.

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Here's a breakdown of the exchange rates for different amounts of US Dollars:

Keep in mind that exchange rates can fluctuate over time, and the value of the US Dollar can change relative to the Myanmar Kyat.

The Burmese currency has undergone significant changes over the years, and understanding these changes is crucial for anyone involved in conversion and exchange.

In 1944, the Burma State Bank issued notes for K 1/-, Ks. 5/-, Ks. 10/-, and Ks. 100/-. These notes were part of the 1944-45 series and featured a peacock and the value written in Burmese script.

The 1944-45 series notes had distinct dimensions and main colors, ranging from 109 × 63 mm with a blue main color for the K 1/- note to 160 × 90 mm with a bright orange main color for the Ks. 100/- note.

In 1952, the Union Bank of Burma formed a currency board, which introduced the decimal system, dividing the kyat into 100 pyas.

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The first kyat notes were introduced on 12 February 1958, with denominations of K 1/-, Ks. 5/-, Ks. 10/-, and Ks. 100/-. These notes were similar in design to the last series of rupee notes.

Banknotes of K -/50, K 1/-, and Ks. 5/- are rare, and most daily transactions are rounded up to the nearest Ks. 10/-.

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Foreign certificates were a unique aspect of Myanmar's currency system.

In 1993, the government began issuing foreign exchange certificates (FEC) denominated in US dollars in denominations of $1, $5, $10, and $20.

These certificates were exchanged on a parity ratio with and valued separately from the regular kyat.

Conversion of foreign currency into kyats was made illegal as exchange rates were set artificially high.

The official rate of the kyat averaged around Ks. 6/- = US$1, while the black market rate was much higher.

Foreign visitors to Myanmar could only transact currency in FEC's or obtain kyats at the artificially high official rates.

On 1 April 2012, the government allowed for a managed float of the kyat and legalised the use and exchange of foreign currencies.

The government announced the discontinuation and gradual withdrawal of FEC's on 20 March 2013.

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