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.
GZT to MMK conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | Ks970.66 | 0.0200% / 0.0320%VIP 7 |
How to buy Golden Zen Token
Buy GZT (or USDT) for MMK (Myanma Kyat) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
E EVOLVE MM 27 trades|Completion rate 100.00% | 4569 MMK | Amount436.71 USDT Limit20000 - 1900000 MMK | ||
A Ahar Crypto 231 trades|Completion rate 96.00% | 4599 MMK | Amount257.48 USDT Limit10000 - 500000 MMK | ||
a apple_4 42 trades|Completion rate 84.00% | 4650 MMK | Amount46.32 USDT Limit10000 - 210000 MMK | ||
D Dieago 0 trades|Completion rate 0.00% | 7445.8 MMK | Amount6.97 USDT Limit5000 - 34500 MMK |
Sell GZT (or USDT) for MMK (Myanma Kyat) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
A Ahar Crypto 231 trades|Completion rate 96.00% | 4500 MMK | Amount17 USDT Limit10000 - 70000 MMK | ||
c ccgood 20 trades|Completion rate 95.00% | 4500 MMK | Amount7130.83 USDT Limit6000 - 5985250 MMK | ||
B BabySharkTuTuDu 145 trades|Completion rate 94.00% | 4500 MMK | Amount1969.1 USDT Limit30000 - 3000000 MMK | ||
c ccgood 20 trades|Completion rate 95.00% | 4487 MMK | Amount18779.76 USDT Limit90000 - 5000000 MMK | ||
A Ahar Crypto 231 trades|Completion rate 96.00% | 4480 MMK | Amount40 USDT Limit10000 - 179000 MMK |
What factors influence the conversion rate of Golden Zen Token to Myanma Kyat?
Golden Zen Token to Myanma Kyat is rising this week.Conversion tables
The exchange rate of Golden Zen Token is decreasing.GZT to MMK
MMK to GZT
Today vs. 24 hours ago
Amount | 16:56 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 GZT | $0.2308 | $0.2288 | +0.89% |
1 GZT | $0.4616 | $0.4575 | +0.89% |
5 GZT | $2.31 | $2.29 | +0.89% |
10 GZT | $4.62 | $4.58 | +0.89% |
50 GZT | $23.08 | $22.88 | +0.89% |
100 GZT | $46.16 | $45.75 | +0.89% |
500 GZT | $230.8 | $228.77 | +0.89% |
1000 GZT | $461.6 | $457.54 | +0.89% |
Today vs. 1 month ago
Amount | 16:56 today | 1 month ago | 1M change |
---|---|---|---|
0.5 GZT | $0.2308 | $0.2502 | -7.74% |
1 GZT | $0.4616 | $0.5003 | -7.74% |
5 GZT | $2.31 | $2.5 | -7.74% |
10 GZT | $4.62 | $5 | -7.74% |
50 GZT | $23.08 | $25.02 | -7.74% |
100 GZT | $46.16 | $50.03 | -7.74% |
500 GZT | $230.8 | $250.17 | -7.74% |
1000 GZT | $461.6 | $500.35 | -7.74% |
Today vs. 1 year ago
Amount | 16:56 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 GZT | $0.2308 | $0.00 | -- |
1 GZT | $0.4616 | $0.00 | -- |
5 GZT | $2.31 | $0.00 | -- |
10 GZT | $4.62 | $0.00 | -- |
50 GZT | $23.08 | $0.00 | -- |
100 GZT | $46.16 | $0.00 | -- |
500 GZT | $230.8 | $0.00 | -- |
1000 GZT | $461.6 | $0.00 | -- |
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