MMK information
About Myanma Kyat (MMK)
The Myanma Kyat (MMK), introduced in 1952, is not merely the monetary unit of Myanmar; it represents a crucial aspect of the nation's complex socio-economic narrative. It is commonly abbreviated as MMK and represented by the symbol Ks. Emerging in the post-independence era as a replacement for the Indian Rupee, the Kyat has since navigated through Myanmar's turbulent history, economic reforms, and ongoing challenges.
Historical Background
The introduction of the Myanma Kyat marked a significant milestone in Myanmar’s journey towards economic self-identity after gaining independence from British colonial rule. The Kyat was established to facilitate the development of a nascent economy free from colonial ties and has witnessed several political and economic upheavals since then.
Design and Symbolism
The design of the Kyat reflects Myanmar's rich cultural heritage and national identity. The currency features iconic figures from Myanmar's history, landmarks, and cultural symbols that narrate the country’s storied past and aspirations. These designs not only serve as a medium for financial transactions but also as emblems of national pride and identity.
Economic Role
The Kyat plays a central role in Myanmar’s economy, which is characterized by its agricultural base, natural resource wealth, and more recently, a burgeoning tourism industry. As the primary medium of exchange, it supports various sectors, enabling trade and facilitating economic activities crucial for the country’s development.
Monetary Policy and Inflation
Managed by the Central Bank of Myanmar, the Kyat has faced challenges such as inflation, currency depreciation, and economic sanctions. The central bank's monetary policies are aimed at stabilizing the currency and fostering an environment conducive to economic stability and growth.
International Trade and the Myanma Kyat
The value of the Kyat is significant in international trade, especially for Myanmar's key exports like rice, natural gas, and garments. A stable Kyat is vital for maintaining competitive export prices and attracting foreign investment.
Remittances and Economic Impact
Remittances from Burmese working abroad, particularly in Thailand, Malaysia, and Singapore, are a vital source of income for many families and contribute to the national economy. These funds, exchanged into Kyats, support household incomes and contribute to economic stability.
ALGO to MMK conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | Ks72.36 | 0.0200% / 0.0320%VIP 7 |
How to buy Algowave
Buy ALGO (or USDT) for MMK (Myanma Kyat) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
B BabySharkTuTuDu 112 trades|Completion rate 93.00% | 4799 MMK | Amount630.22 USDT Limit50000 - 3022346 MMK | ||
D Dieago 1 trades|Completion rate 100.00% | 6610.2 MMK | Amount3.95 USDT Limit5000 - 34500 MMK |
Sell ALGO (or USDT) for MMK (Myanma Kyat) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
B BabySharkTuTuDu 112 trades|Completion rate 93.00% | 4660.1 MMK | Amount1983.99 USDT Limit20000 - 4660100 MMK | ||
1 11_Stars 43 trades|Completion rate 98.00% | 4627.1 MMK | Amount830.75 USDT Limit11000 - 1100000 MMK | ||
A Ahar Crypto 253 trades|Completion rate 98.00% | 4551 MMK | Amount587 USDT Limit10000 - 2000000 MMK | ||
P PaohMoney Funds 2 trades|Completion rate 50.00% | 4500 MMK | Amount100 USDT Limit3400 - 463300 MMK | ||
a apple_4 53 trades|Completion rate 87.00% | 4450 MMK | Amount10 USDT Limit10000 - 44500 MMK |
What factors influence the conversion rate of Algowave to Myanma Kyat?
Algowave to Myanma Kyat is falling this week.Conversion tables
The exchange rate of Algowave is decreasing.ALGO to MMK
MMK to ALGO
Today vs. 24 hours ago
Amount | 17:36 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 ALGO | $0.01722 | $0.02290 | -24.79% |
1 ALGO | $0.03445 | $0.04580 | -24.79% |
5 ALGO | $0.1722 | $0.2290 | -24.79% |
10 ALGO | $0.3445 | $0.4580 | -24.79% |
50 ALGO | $1.72 | $2.29 | -24.79% |
100 ALGO | $3.44 | $4.58 | -24.79% |
500 ALGO | $17.22 | $22.9 | -24.79% |
1000 ALGO | $34.45 | $45.8 | -24.79% |
Today vs. 1 month ago
Amount | 17:36 today | 1 month ago | 1M change |
---|---|---|---|
0.5 ALGO | $0.01722 | $0.2035 | -91.54% |
1 ALGO | $0.03445 | $0.4071 | -91.54% |
5 ALGO | $0.1722 | $2.04 | -91.54% |
10 ALGO | $0.3445 | $4.07 | -91.54% |
50 ALGO | $1.72 | $20.35 | -91.54% |
100 ALGO | $3.44 | $40.71 | -91.54% |
500 ALGO | $17.22 | $203.54 | -91.54% |
1000 ALGO | $34.45 | $407.08 | -91.54% |
Today vs. 1 year ago
Amount | 17:36 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 ALGO | $0.01722 | $0.00 | -- |
1 ALGO | $0.03445 | $0.00 | -- |
5 ALGO | $0.1722 | $0.00 | -- |
10 ALGO | $0.3445 | $0.00 | -- |
50 ALGO | $1.72 | $0.00 | -- |
100 ALGO | $3.44 | $0.00 | -- |
500 ALGO | $17.22 | $0.00 | -- |
1000 ALGO | $34.45 | $0.00 | -- |
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