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base info First Digital USD

First Digital USD to Myanma Kyat Converter and calculator

Convert 1First Digital USD (FDUSD) to Myanma Kyat (MMK) equals Ks 2,097.1 | Bitget

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.

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Bitget crypto-to-fiat exchange data shows that the most popular First Digital USD currency pair is the FDUSD to MMK, with for First Digital USD's currency code being FDUSD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MMK.

FDUSD to MMK conversion rate trend

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In the past 1D, First Digital USD has changed -0.07% to MMK. Based on the trend and price charts, First Digital USD(FDUSD) has changed -0.07% to MMK while Myanma Kyat(MMK) has changed % to FDUSD in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ks2,097.1
0.0001% / 0.0004%vip-iconVIP
Binance
Ks2,096.81
0.1000% / 0.1000%
Yes
Gate.io
Ks2,096.39
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 12:00:23(UTC+0)

What factors influence the conversion rate of First Digital USD to Myanma Kyat?

First Digital USD to Myanma Kyat is falling this week.
First Digital USD's current market price is Ks 2,097.1 per FDUSD, with a total market cap of Ks 8,297,296,449,796.62 MMK based on a circulating supply of 3,956,564,000 FDUSD. The trading volume of First Digital USD has changed by +6.14% (Ks 1,403,612,663,222.15 MMK) in the last 24 hours. Last trading day, FDUSD's trading volume was Ks 22,873,925,056,176.41.
Market cap
$3.96B
24h volume
$11.59B
Circulating supply
3.96B FDUSD

Conversion tables

The exchange rate of First Digital USD is increasing.
1 FDUSD is currently valued at Ks 2,097.1 MMK , which means buying 5 FDUSD will cost Ks 10,485.48 MMK . Similarly, Ks1 MMK can be traded for 0.0004768 FDUSD, and Ks50 MMK can be converted to 0.02384 FDUSD, excluding any platform or gas fees.
The exchange rate of 1 FDUSD to Myanma Kyat has changed by -0.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.07%, reaching a high of 2,106.09 MMK and a low of 2,091.61 MMK . One month ago, the value of 1 FDUSD was Ks 2,089.76 MMK , which represents a +0.35% change from its current value. Over the last year, First Digital USD has changed by
+Ks
4.38MMK
, resulting in a change of --% in its value.

FDUSD to MMK

Amount
12:03 today
0.5 FDUSD
Ks1,048.55
1 FDUSD
Ks2,097.1
5 FDUSD
Ks10,485.48
10 FDUSD
Ks20,970.97
50 FDUSD
Ks104,854.83
100 FDUSD
Ks209,709.65
500 FDUSD
Ks1,048,548.27
1000 FDUSD
Ks2,097,096.55

MMK to FDUSD

Amount12:03 today
0.5MMK0.0002384  FDUSD
1MMK0.0004768  FDUSD
5MMK0.002384  FDUSD
10MMK0.004768  FDUSD
50MMK0.02384  FDUSD
100MMK0.04768  FDUSD
500MMK0.2384  FDUSD
1000MMK0.4768  FDUSD
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Today vs. 24 hours ago

Amount12:03 today24 hours ago24h change
0.5 FDUSD$0.5005$0.5009
-0.07%
1 FDUSD$1$1
-0.07%
5 FDUSD$5.01$5.01
-0.07%
10 FDUSD$10.01$10.02
-0.07%
50 FDUSD$50.05$50.09
-0.07%
100 FDUSD$100.1$100.18
-0.07%
500 FDUSD$500.52$500.88
-0.07%
1000 FDUSD$1,001.04$1,001.77
-0.07%

Today vs. 1 month ago

Amount12:03 today1 month ago1M change
0.5 FDUSD$0.5005$0.4988
+0.35%
1 FDUSD$1$0.9975
+0.35%
5 FDUSD$5.01$4.99
+0.35%
10 FDUSD$10.01$9.98
+0.35%
50 FDUSD$50.05$49.88
+0.35%
100 FDUSD$100.1$99.75
+0.35%
500 FDUSD$500.52$498.77
+0.35%
1000 FDUSD$1,001.04$997.54
+0.35%

Today vs. 1 year ago

Amount12:03 today1 year ago1Y change
0.5 FDUSD$0.5005$-0.0005262
--
1 FDUSD$1$-0.001052
--
5 FDUSD$5.01$-0.005262
--
10 FDUSD$10.01$-0.01052
--
50 FDUSD$50.05$-0.05262
--
100 FDUSD$100.1$-0.1052
--
500 FDUSD$500.52$-0.5262
--
1000 FDUSD$1,001.04$-1.05250
--

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.