Dollar Rate in MyanmarUS dollar exchange rate in Myanmar
US-Dollar vs. National Currencies - Myanmar Forum
hello, I go over in February 2017 and looked at $50/100 US dollar bill denominations. with naturally smaller ones, since I had been reading that the bigger ones got more favor against the Kiev? We' ve just got back from Myanmar. Most places trade in national currencies and even if they offer their goods in US dollar, you can usually buy in kyat.
Places that are prone to taking the dollar have the more costly objects to be sold, so bigger $ banknotes are not an option. In order to swap at a given house, you get a better rate for $100 banknotes than for smaller ones (about 128000k yats compared to 126000k yats in November 2016).
You really have to be immaculate to make sure you don't have any problems - although ours were a little shabby and we managed to find some bankers to swap. Cash machines work well in the larger cities - we have taken a pre-installed MasterCard and had no problems BUT you will be billed 5000 Kyat per operation (about 3.30 at the moment of writing).
Presumably not deserving it if you are from the US, but if you change your own money to the dollar then a ticket may make more sense. What's more, it's not for you. Theoretically you can draw up to 300,000 kyat per diem (£200), although most of what we did was 150,000. Would you like to make an international change at the airfield or at the local banks?
I' m not said that bigger denomination would give me a better price. A 5-star in which we spent the night turned down $50 tickets from one of my fellow travellers. A different motel would only give her US$ for the $50. Used $20s at the airfield to swap them. 50 and $100 dollar notes always attracts a higher rate of interest.
You can see the different high and low denominations in most of our hotel and foreign exchanges offices. I wonder what the hotel rate of change is compared to the airport/bank? There was no big deal at the Aiport. For years Myanmar has been the main commodity for almost everything, it is only the last few years in which most/everything can be bought with Kyat.
It is almost useless to take smaller denominations...this was a good thing when the housing etc. was bought with $US, but now the only real need for $US is to switch to Kyat, and then 50/100s are best, as lower Denominations (e.g. $20s to Kyat) get a lower X-exchange rate.
There is not much need to exchange much cash at the airfield, as all offical currency exchange machines, which are widely used, have a very similar Xchange rate......chaining $ in the lodging you get a slightly lower price. I' ve already bought all but one room in Kyoto, but they weren't five stars.
If you? re prices, at $50s airfield and $100 were the same at the one I used, 1,290 to $. 1-10 you got 1,260. All I needed for 15 workdays at the airfield, in fact I had a remaining 24k, which I exchanged in Mae Sot for Buh.