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base info Monero

Monero to Myanma Kyat Converter and calculator

Convert 1Monero (XMR) to Myanma Kyat (MMK) equals Ks 253,877.64 | 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 Monero currency pair is the XMR to MMK, with for Monero's currency code being XMR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MMK.

XMR to MMK conversion rate trend

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In the past 1D, Monero has changed -3.81% to MMK. Based on the trend and price charts, Monero(XMR) has changed -3.81% to MMK while Myanma Kyat(MMK) has changed % to XMR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ks253,877.64
0.0001% / 0.0004%vip-iconVIP
Binance
Ks248,667.19
0.1000% / 0.1000%
Yes
Kraken
Ks253,632.16
0.1000% / 0.1000%
Yes
OKX
Ks333,092.53
0.080% / 0.100%
Yes
Huobi
Ks253,380.77
0.1000% / 0.1000%
Yes
Gate.io
Ks253,506.46
0.1000% / 0.1000%
Yes
KuCoin
Ks253,820.7
0.1000% / 0.1000%
Yes
Bitfinex
Ks253,736.9
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 11:00:37(UTC+0)

What factors influence the conversion rate of Monero to Myanma Kyat?

Monero to Myanma Kyat is falling this week.
Monero's current market price is Ks 253,877.64 per XMR, with a total market cap of Ks 4,677,299,100,304.5 MMK based on a circulating supply of 18,423,438 XMR. The trading volume of Monero has changed by -4.11% (Ks -4,964,050,706.91 MMK) in the last 24 hours. Last trading day, XMR's trading volume was Ks 120,706,400,168.13.
Market cap
$2.23B
24h volume
$55.25M
Circulating supply
18.42M XMR

Conversion tables

The exchange rate of Monero is decreasing.
1 XMR is currently valued at Ks 253,877.64 MMK , which means buying 5 XMR will cost Ks 1,269,388.21 MMK . Similarly, Ks1 MMK can be traded for 0.{5}3939 XMR, and Ks50 MMK can be converted to 0.0001969 XMR, excluding any platform or gas fees.
The exchange rate of 1 XMR to Myanma Kyat has changed by -9.40% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.81%, reaching a high of 266,398.12 MMK and a low of 220,859.26 MMK . One month ago, the value of 1 XMR was Ks 298,036.41 MMK , which represents a -14.82% change from its current value. Over the last year, Monero has changed by
-Ks
87,867.07MMK
, resulting in a change of -25.72% in its value.

XMR to MMK

Amount
11:01 am today
0.5 XMR
Ks126,938.82
1 XMR
Ks253,877.64
5 XMR
Ks1,269,388.21
10 XMR
Ks2,538,776.41
50 XMR
Ks12,693,882.05
100 XMR
Ks25,387,764.1
500 XMR
Ks126,938,820.51
1000 XMR
Ks253,877,641.03

MMK to XMR

Amount11:01 am today
0.5MMK0.{5}1969  XMR
1MMK0.{5}3939  XMR
5MMK0.{4}1969  XMR
10MMK0.{4}3939  XMR
50MMK0.0001969  XMR
100MMK0.0003939  XMR
500MMK0.001969  XMR
1000MMK0.003939  XMR
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Today vs. 24 hours ago

Amount11:01 am today24 hours ago24h change
0.5 XMR$60.59$62.99
-3.81%
1 XMR$121.19$125.98
-3.81%
5 XMR$605.94$629.91
-3.81%
10 XMR$1,211.87$1,259.83
-3.81%
50 XMR$6,059.36$6,299.14
-3.81%
100 XMR$12,118.72$12,598.27
-3.81%
500 XMR$60,593.59$62,991.37
-3.81%
1000 XMR$121,187.18$125,982.74
-3.81%

Today vs. 1 month ago

Amount11:01 am today1 month ago1M change
0.5 XMR$60.59$71.13
-14.82%
1 XMR$121.19$142.27
-14.82%
5 XMR$605.94$711.33
-14.82%
10 XMR$1,211.87$1,422.66
-14.82%
50 XMR$6,059.36$7,113.31
-14.82%
100 XMR$12,118.72$14,226.61
-14.82%
500 XMR$60,593.59$71,133.07
-14.82%
1000 XMR$121,187.18$142,266.14
-14.82%

Today vs. 1 year ago

Amount11:01 am today1 year ago1Y change
0.5 XMR$60.59$81.57
-25.72%
1 XMR$121.19$163.13
-25.72%
5 XMR$605.94$815.65
-25.72%
10 XMR$1,211.87$1,631.3
-25.72%
50 XMR$6,059.36$8,156.5
-25.72%
100 XMR$12,118.72$16,313.01
-25.72%
500 XMR$60,593.59$81,565.03
-25.72%
1000 XMR$121,187.18$163,130.07
-25.72%

FAQ

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