Usd Exchange Rate in MyanmarUnited States Exchange Rate in Myanmar
Preferred Currencies Kiev or usd - Myanmar Message Board
Myanmar's Kyoto (pronounced "chat") is the country's legal language, known as " K " or " MMK ", and is usually placed before the numeric value (i.e. K500). However, the US is a common alternate payment method, especially for large purchases: sometimes a foreigner is required to use the US Dollars to buy hotel accommodation, top class dining, air travel and historic attractions.
Sometimes a lower rate can occur if payments for these operations are made in Kyoto. If you pay in dollar, you will often receive your exchange in Kyoto. Be prepared to exchange about half of the funds you take to Myanmar for Kiej. When you spend more than a few nights outside Yangon, Mandalay or Nay Pyi Taw, make sure you exchange enough cash in advance; it can be hard to exchange outside the capitals, and you will probably get a lower price.
It is also more diffi cult to find cash machines in these areas. U.S. dollars that are being shipped to Myanmar must be in excellent conditions. Dollars should be taken to Myanmar in different denominations: Take ample $10, $5 and $1 notes to cover hotel, flight and historic places and take $100 or $50 notes to exchange for Kyoto (larger denominations usually get a better price).
Mistakes of any kind - kinks, stains, wrinkles, etc. - can lead to a much poorer exchange rate or the cash cannot be used. Euro are generally used as exchange currencies and do not have to be in perfect working order. You can change cash at the bank in the city centers and at most large airport locations, which include Yangon, Mandalay, Nay Pyi Taw, Bagan and Thandwe (for Ngapali Beach).
You can also visit the beloved and centrally located Bogyoke Aung San Markets (Scott Market) in Yangon if you want to exchange currency at the weekends - here you will find many currency exchange businesses (these usually close at 3.30 to 4.00 pm). Up until the recent reform of Myanmar's governance, it was necessary for Myanmar residents to exchange funds on the subprime markets in order to obtain an appropriate exchange rate.
That is no longer the case; you can now get a good exchange rate at your bank and get your change of currencies. Road change should be obviated as they are likely to cheat you. Not surprisingly, the exchange rate is volatile; see our Currencies wizard at the bottom of this page.
Whereas once they had to provide the necessary money to travel to Myanmar, today there are over 600 ATM' that accepts global debit and credit card transactions throughout the nation - although most of them are based in Yangon, Mandalay, Nay Pyi Taw, Bagan and Inle Lake.
Card holders can also cash in cash machines and use their credit card at a rising number of large points of sale such as banks, shops and retail stores. Other banks are AGDB, AYA and United Amara Banks. You can make several daily cash outs according to the terms that your own home banking institution sets.
Use of Myanmar's cash machines is sometimes limited by an outage of the web. The KBZ Bank has a nationwide ATM system that accepts Visa, Mastercard, Union Pay and JCB. Sites in Yangon are Yangon International Airports, Bank Street (downtown), Junction Square and Taw Win Centre malls and many City Mart malls. KBZ has cash machines in all large towns and touristic places outside Yangon.
We also have ATM machines that accepts Visa, Mastercard, Union Pay and JCB in the main centers throughout Myanmar, with many in Yangon. This includes Yangon International Airports ATM machines and large retailers such as Junction Square, Junction Centre, Taw Win Centre, Yankin Centre and Bogyoke Market. In Yangon Hostels with Visa Acceptance ATM' CBs are Chatrium, Inya Lake, and Governor's Residence.