Burmese Kyat
The kyat (, or ; my, ကျပ် ; ISO 4217 code MMK) is the currency of Myanmar (Burma). The typical notation for the kyat is "K" (singular) and "Ks." (plural), placed before the numerals followed by " /-" The term ''kyat'' derives from the ancient Burmese unit ''kyattha'' ( my, ကျပ်သား), equal to 16.3 (16.329324593) grams of silver. Current MMK exchange rates From 2001 to 2012, the official exchange rate varied between Ks. 5/75 and Ks. 6/70 per US dollar (Ks. 8/20 to Ks. 7/- per euro). However, the street rate (black market rate), which more accurately took into account the standing of the national economy, has varied from Ks.750/- to Ks.1,335/- per USD (Ks.985/- to Ks.1,475/- per EUR). The black market exchange rates (USD to MMK) decrease during the peak of the tourist season in Burma (December to January). On 2 April 2012, the Central Bank of Myanmar announced that the value of the kyat against the US dollar would float, setting an in ...
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Kyat
The kyat (, or ; my, ကျပ် ; ISO 4217 code MMK) is the currency of Myanmar (Burma). The typical notation for the kyat is "K" (singular) and "Ks." (plural), placed before the numerals followed by " /-" The term ''kyat'' derives from the ancient Burmese unit ''kyattha'' ( my, ကျပ်သား), equal to 16.3 (16.329324593) grams of silver. Current MMK exchange rates From 2001 to 2012, the official exchange rate varied between Ks. 5/75 and Ks. 6/70 per US dollar (Ks. 8/20 to Ks. 7/- per euro). However, the street rate (black market rate), which more accurately took into account the standing of the national economy, has varied from Ks.750/- to Ks.1,335/- per USD (Ks.985/- to Ks.1,475/- per EUR). The black market exchange rates (USD to MMK) decrease during the peak of the tourist season in Burma (December to January). On 2 April 2012, the Central Bank of Myanmar announced that the value of the kyat against the US dollar would float, setting an ini ...
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