Currency Rate Myanmar Kyat to USD
Our Currency Rate MMK latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the MMK. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
MMK 0.000366
Selling rate
MMK0.000652
Myanmar Kyat (MMK)
Currency Details
Symbol: K
ISO Code: MMK
Subunits: 1 Kyat = 100 pyas
Banknotes and Coins
The Myanmar Kyat is available in both coins and banknotes:
Coins:
Coins are available in denominations of
1 pyas
5 pyas
10 pyas
50 pyas
1 Kyat
Banknotes:
Current banknotes in circulation:
50 Kyats
100 Kyats
200 Kyats
500 Kyats
1000 Kyats
5000 Kyats
10,000 Kyats
The banknotes and coins of the Myanmar Kyat feature various historical figures, cultural motifs, and natural landmarks of Myanmar.
History and Background
The Myanmar Kyat has been the official currency of Myanmar (Burma) since 1952, replacing the Burmese rupee. It is managed and issued by the Central Bank of Myanmar.
Economic Significance
The MMK is crucial to Myanmar's economy, facilitating trade, investment, and daily transactions. Myanmar's economy is primarily driven by agriculture, manufacturing, natural resources, and tourism.
Usage and Exchange
The Myanmar Kyat is widely accepted across Myanmar for all transactions. For international visitors and expatriates, exchanging foreign currency for Myanmar Kyats can be done at banks, exchange bureaus, and authorized money changers. Credit and debit cards are not widely accepted, so it's advisable to carry cash.
Conclusion
The Myanmar Kyat is not just a currency; it is a symbol of Myanmar's cultural diversity, economic growth, and natural beauty. Understanding the MMK is essential for anyone engaging with Myanmar's economy, whether as a resident or a visitor. The stability and accessibility of the Myanmar Kyat play a significant role in the country's economic development and prosperity.
Currency Details
Symbol: K
ISO Code: MMK
Subunits: 1 Kyat = 100 pyas
Banknotes and Coins
The Myanmar Kyat is available in both coins and banknotes:
Coins:
Coins are available in denominations of
1 pyas
5 pyas
10 pyas
50 pyas
1 Kyat
Banknotes:
Current banknotes in circulation:
50 Kyats
100 Kyats
200 Kyats
500 Kyats
1000 Kyats
5000 Kyats
10,000 Kyats
The banknotes and coins of the Myanmar Kyat feature various historical figures, cultural motifs, and natural landmarks of Myanmar.
History and Background
The Myanmar Kyat has been the official currency of Myanmar (Burma) since 1952, replacing the Burmese rupee. It is managed and issued by the Central Bank of Myanmar.
Economic Significance
The MMK is crucial to Myanmar's economy, facilitating trade, investment, and daily transactions. Myanmar's economy is primarily driven by agriculture, manufacturing, natural resources, and tourism.
Usage and Exchange
The Myanmar Kyat is widely accepted across Myanmar for all transactions. For international visitors and expatriates, exchanging foreign currency for Myanmar Kyats can be done at banks, exchange bureaus, and authorized money changers. Credit and debit cards are not widely accepted, so it's advisable to carry cash.
Conclusion
The Myanmar Kyat is not just a currency; it is a symbol of Myanmar's cultural diversity, economic growth, and natural beauty. Understanding the MMK is essential for anyone engaging with Myanmar's economy, whether as a resident or a visitor. The stability and accessibility of the Myanmar Kyat play a significant role in the country's economic development and prosperity.