Dollar in MyanmarThe dollar in Myanmar
U.S. Dollar Myanmar Kyat Exchange Rate ?$1 = Ks1408.5? USD/MMK
?$ 1 = Ks 1408.5441?, The convertor shows the exchange rate of 1 US dollar to Myanmar Kyoto from Wednesday, July 4, 2018. If you wish to cancel the Myanmar to US dollar translation, click on the following hyperlink. US dollars are the currencies used in the following 21 countries:
United States, American Samoa, Virgin Islands, Ecuador, Guam, Micronesia, Palau, Puerto Rico, Turks & Caicos Islands, United States, U.S. Virgin Islands, Zimbabwe, U.S. Outlying Islands, Caribbean Netherlands, Diego Garcia, Haiti, Indian Ocean Territory, Marshall Islands, Northern Mariana Islands, Panama, El Salvador, Timor-Leste. Myanmar Kyat is the currency of Myanmar (Burma).
Do you know: The US dollar was launched on January 1, 1791 (226 years ago) and Myanmar Khat has been in use since June 18, 1989 (29 years ago). It has 6 tokens for the US dollar ( 1¢, 5¢, 10¢, 25¢, 25¢, 25¢, 50 and $1), the Myanmar yat has 5 tokens ( Ks1, Qs5, Ks10, Ks50 and Ks100), the US dollar has 7 notes ( $1, $2, $5, $10, $20, $50 and $100) and there are 12 notes for the Myanmar yat ( Ks0).
Cs1, Cs5, Cs10, Cs20, Cs50, Cs100, Cs200, Cs500, Cs1000, Cs5000 and Cs10000 ). In Myanmar the best time to switch the US dollar was Thursday, June 28, 2018. In Myanmar Republic, the hardest trading date to switch the US dollar was Wednesday, April 18, 2018.
Historical data of day records $/MMK since Wednesday 31 May, 2000.
Kazakhstan reaches its highest dollar exchange rate in over a year
Myanmar' s currency reached its highest value against the US dollar in a year after the Central Bank of Myanmar (CBM) fixed its benchmark interest rates at CZK 1,345 per dollar on Tuesday. Last year, the value of the Kyoto Protocol fell to 1,360 thousand against the dollar. On 21 July 2016, the Kiev reached a all-time low of 1,366 K per dollar.
This higher value for Chinese customers is good for the country as it comes at a point in history when indigenous products are still left behind and most people are dependent on goods such as gasoline, construction products, cosmetic products and electronic goods. In the past year, when the Kyoto Protocol was weaker against the dollar, customers were obliged to buy higher for important inputs, especially fuels and commodities.
A strong domestic eucalyptus therefore means better purchasing strength for Myanmarans. The weaker dollar is one of the causes of the strong Kyoto Protocol. In the wake of the accelerating upturn in the world economy, the European and Asian key players have signalled a tightening of fiscal policy this year. United Overseas Bank, Singapore market strategist Heng Koon How anticipates that the European Central Bank will stop its investment acquisitions by September this year.
Meanwhile, the Chinese, South Korean and Malaysian NCBs will increase interest this year. The Bank of Japan on Monday presented its most favourable assessment of the economic situation and rate of growth in a ten-year period, prompting speculations that it could end its extremely lax fiscal policies sooner than foreseen.
This all boosted and outperformed the dollar in terms of interest rates, the dollar, the yen and the other Asiatic currency. The benefits of the fiscal stimulus packages had first raised hopes that US companies would return their off-shore revenues to the US and increase the value of the dollar. However, despite the recent strengthening of the currency against the dollar, domestic price levels still need to be adjusted.
A litre of 95 ron gasoline still cost K855 at the present rates, the same as on January 2, when the price of K1,361 was traded against the dollar. This is likely to be due to the fact that the domestic economy will continue to be stronger in the long run. On the one hand, Myanmar has a trading shortfall that is not likely to ease in the near future.
Myanmar's external economic activity increased by $3.8 billion over the previous year to over $23 billion. Over the same time, the value of manufactured goods exported from this industry amounted to almost 5 billion dollars. Burma mainly exported farm produce, livestock and fishery produce, forestry and manufactured goods. In December, the Myanmar Investment Commission (MIC) asked businesses to make investment propositions in 13 different EU substitutes industry sectors, such as automotive and automotive parts, tractor and trailer, telephony and telecommunications equipments, machinery and machinery parts, energy supply and installations, ferrous metals, plastics feedstocks, papers, chemicals, cooking oils, medicinal and cosmetic goods.