Myanmar Exchange Rate today

Burma Exchange Rates Today

Well, most of the time I update the exchange rate and I like it. Burma has introduced a managed exchange rate system. Burma maintained a multiple exchange rate system, and the parallel market exchange rate remained unrestrained. The MMK is the currency abbreviation for Myanmar Kyat (MMK), the currency for Myanmar. Prices are subject to change.

prevailing exchange rates as of today

Prices quoted in this article may differ at the point in sale or from case to case or subject to your stock exchange value or various brokerage firms and are quoted on the basis of information from major providers of financial information such as SG PNSL (Remittance Agents) and YGN eTrade Testers.

To get the best exchange rate, you will need to contact a FX agent who will give you entry to a fiercely competitve exchange rate at that point in the year. Periods shown here refer to Myanmar's Timezone (UTC 06:30). CBM's benchmark exchange rate is released for referencing purposes only.

The value of Myanmar Kyat (MMK) is influenced by and varies according to prevailing buying and selling prices. Prices quoted in this article may differ at the point in sale or from case to case or subject to your stock exchange value or various brokerage firms and are quoted on the basis of information from major providers of financial information such as SG PNSL (Remittance Agents) and YGN eTrade Testers.

To get the best exchange rate, you will need to contact a FX agent who will give you entry to a fiercely competitve exchange rate at that point in the year. Periods shown here refer to Myanmar's Timezone (UTC 06:30).

The causes of parallel exchange rate fluctuations and policy reform in Myanmar

Burma had a multi-tier exchange rate system and the simultaneous exchange rate remained unrestrained. Over the last two decade-long period, the Myanmar-Kyat exchange rate of the peripheral markets has shown the strongest fluctuation in reality among South East Asia's currency. With the transition to a MFF in April 2012, the issue is whether exchange rate policy will help to stabilise the exchange rate in reality.

To investigate the source of fluctuation of the actual exchange rate using the Blanchard and Quah regression models (1989). Given that exchange rate policy can generate negative impacts in the form of currency exchange rate policy, a sustained effect of a negative effect means more room for exchange rate policy. The breakdown of the volatility into numerical and physical impacts shows that the effects of these are small and decreasing rapidly, which means that additional sterilisation is necessary for efficient currency intervention.

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