Myanmar Kyat US Dollar exchange rate over past six months

Here is the graph that shows the Myanmar kyat exchange rate versus US dollar  since it was floated six months ago. We at Myanmar Today track the exchange rate everyday and plotted it against 1 US dollar. It shows the performance of Myanmar kyat against US dollar.

As can be seen from the graph, as soon as it was floated, the Kyat value drops rapidly from 830 kyats a dollar  to 855 kyats a dollar within two months. From then, kyat value gradually rises and finally it was stable at around 850 kyats read more

New Myanmar kyat note

New Myanmar 5000 kyat
New Myanmar 5000 Kyat
Myanmar kyat notes
Myanmar kyat notes

Myanmar (Burmese) state media on September 24 announced the distribution of new currency notes from the central bank of Myanmar. The new notes are in 5000 kyat denomination, and will be started distribution on first October. The new note will be the same size as other notes currently in use in Myanmar. Currently, the largest currency note in Myanmar is 1000 kyat, which is approximately US$ 0.90. Rumors of new 5000 kyat notes had been circulating in Myanmar since 2006. Due to massive inflation read more

Myanmar currency – kyat and pya

Myanmar currency is based on kyat and pya. The basic unit is kyat, with one kyat divided into 100 pyas.

There are a number of different Myanmar currency notes and coins circulating in Myanmar. Myanmar kyat currency notes currently in used are one kyat, five kyat, ten kyat, 20 kyat, 50 kyat, 100 kyat, 200 kyat, 500 kyat and 1,000 kyat notes. For coins, officially there are one pya, five pya, ten pya, 25 pya (one mat), 50 pya (ngar mu), one kyat, five kyat, ten kyat, 50 kyat and 100 kyat coins. Although read more

Myanmar Central Bank warns financial institutions of fake kyat notes

In a secretly circulated document, Myanmar’s Central Bank in Naypyitaw has acknowledged that fake 500 kyat currency notes were circulating in the market and it has sent an eight-point guideline to all financial institutes to check for fake notes.

The document, a copy of which is in Mizzima’ possession, said a study in the wake of the seizure of fake 500 kyat notes in Nam Hkam township in Northern Shan State in November 2008 reveals that the fake notes are waxed and it is extra-smooth to the read more

Myanmar Currency Exchange Rate

As of 1 April 2012, Central Bank of Myanmar has officially float the kyat in the market. Currently, there is not much difference between the official rate and black market. Official rate now reflects the actual market rate.

Be very careful of using unofficial money exchanges. There are several incidents where customers are cheated by these unofficial money exchangers. If possible, use only official licensed money exchanges. You can find them at the airport, read more

Sudden and unexpected rise in the value of Myanmar Kyat

Last two days saw the sudden rise in the value of Myanmar kyat against other currencies in the black market. Until 20 January, the selling rate (rate they sell from the money exchangers) of US dollar in the black market of Rangoon was 1190 kyats per 1 US$. Yesterday, it suddenly dropped to 1100 kyats per 1 US dollar. Today, the selling rate dropped to 1070 kyats and the buying rate to 1050 kyats per 1 US dollar in the black money market of Yangon.

Two days ago, one Thai baht was exchanged at more read more

Weekly update of US Dollars exchange rate in Yangon

Starts from this week, we will be updating the latest US dollars exchange rate in the black market of Yangon. We will be providing our visitors with exchange rate between US dollars and Myanmar kyats as well as FEC and Myanmar Kyats. The rate will be updated weekly, unless there is a sharp fulctuation in the black market rate of US dollars. In such case, will will try to update the rate as soon as possible. You can see the current exchange rate of US dollars in the side bar of our webpage.

Money Exchange in Yangon (Rangoon)

If you are visiting Myanmar (Burma) , you will find yourself trying to find a money exchange to change your foreign currency into Myanmar kyat. Although US dollar is universally accepted, small vendors will be reluctant to accept US dollars because of difficulty in exchanging into kyat. So you invariably have to change some money into Myanmar kyat anyway.

The first place you can change is at the airport. There is an authorized money exchange counter at the airport, but the rate they pay is very read more