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base info NEAR Protocol

NEAR Protocol to Myanma Kyat Converter and calculator

Convert 1NEAR Protocol (NEAR) to Myanma Kyat (MMK) equals Ks 11,261.56 | 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 NEAR Protocol currency pair is the NEAR to MMK, with for NEAR Protocol's currency code being NEAR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MMK.

NEAR to MMK conversion rate trend

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In the past 1D, NEAR Protocol has changed -7.84% to MMK. Based on the trend and price charts, NEAR Protocol(NEAR) has changed -7.84% to MMK while Myanma Kyat(MMK) has changed % to NEAR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ks11,583.03
0.0001% / 0.0004%vip-iconVIP
Binance
Ks11,593.3
0.1000% / 0.1000%
Yes
Coinbase Exchange
Ks11,584.92
0.1000% / 0.1000%
Yes
OKX
Ks11,584.92
0.080% / 0.100%
Yes
Huobi
Ks11,585.75
0.1000% / 0.1000%
Yes
Gate.io
Ks11,587.01
0.1000% / 0.1000%
Yes
Bybit
Ks11,585.75
0.1000% / 0.1000%
Yes
KuCoin
Ks11,587.85
0.1000% / 0.1000%
Yes
Bitfinex
Ks11,614.66
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 11:00:37(UTC+0)

What factors influence the conversion rate of NEAR Protocol to Myanma Kyat?

NEAR Protocol to Myanma Kyat is falling this week.
NEAR Protocol's current market price is Ks 11,261.56 per NEAR, with a total market cap of Ks 12,003,614,598,031.17 MMK based on a circulating supply of 1,065,892,700 NEAR. The trading volume of NEAR Protocol has changed by +66.07% (Ks 1,286,998,459,849.32 MMK) in the last 24 hours. Last trading day, NEAR's trading volume was Ks 1,947,796,066,641.83.
Market cap
$5.73B
24h volume
$1.54B
Circulating supply
1.07B NEAR

Conversion tables

The exchange rate of NEAR Protocol is decreasing.
1 NEAR is currently valued at Ks 11,261.56 MMK , which means buying 5 NEAR will cost Ks 56,307.8 MMK . Similarly, Ks1 MMK can be traded for 0.{4}8880 NEAR, and Ks50 MMK can be converted to 0.004440 NEAR, excluding any platform or gas fees.
The exchange rate of 1 NEAR to Myanma Kyat has changed by -22.84% in the last 7 days. In the last 24 hours, the rate has fluctuated by -7.84%, reaching a high of 12,258.12 MMK and a low of 9,054.17 MMK . One month ago, the value of 1 NEAR was Ks 15,516.14 MMK , which represents a -27.39% change from its current value. Over the last year, NEAR Protocol has changed by
+Ks
53.4MMK
, resulting in a change of +128.35% in its value.

NEAR to MMK

Amount
11:42 am today
0.5 NEAR
Ks5,630.78
1 NEAR
Ks11,261.56
5 NEAR
Ks56,307.8
10 NEAR
Ks112,615.6
50 NEAR
Ks563,078
100 NEAR
Ks1,126,156.01
500 NEAR
Ks5,630,780.03
1000 NEAR
Ks11,261,560.06

MMK to NEAR

Amount11:42 am today
0.5MMK0.{4}4440  NEAR
1MMK0.{4}8880  NEAR
5MMK0.0004440  NEAR
10MMK0.0008880  NEAR
50MMK0.004440  NEAR
100MMK0.008880  NEAR
500MMK0.04440  NEAR
1000MMK0.08880  NEAR
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Today vs. 24 hours ago

Amount11:42 am today24 hours ago24h change
0.5 NEAR$2.69$2.92
-7.84%
1 NEAR$5.38$5.83
-7.84%
5 NEAR$26.88$29.17
-7.84%
10 NEAR$53.76$58.33
-7.84%
50 NEAR$268.78$291.66
-7.84%
100 NEAR$537.56$583.32
-7.84%
500 NEAR$2,687.82$2,916.58
-7.84%
1000 NEAR$5,375.65$5,833.15
-7.84%

Today vs. 1 month ago

Amount11:42 am today1 month ago1M change
0.5 NEAR$2.69$3.7
-27.39%
1 NEAR$5.38$7.41
-27.39%
5 NEAR$26.88$37.03
-27.39%
10 NEAR$53.76$74.07
-27.39%
50 NEAR$268.78$370.33
-27.39%
100 NEAR$537.56$740.65
-27.39%
500 NEAR$2,687.82$3,703.27
-27.39%
1000 NEAR$5,375.65$7,406.55
-27.39%

Today vs. 1 year ago

Amount11:42 am today1 year ago1Y change
0.5 NEAR$2.69$1.18
+128.35%
1 NEAR$5.38$2.35
+128.35%
5 NEAR$26.88$11.75
+128.35%
10 NEAR$53.76$23.5
+128.35%
50 NEAR$268.78$117.51
+128.35%
100 NEAR$537.56$235.02
+128.35%
500 NEAR$2,687.82$1,175.08
+128.35%
1000 NEAR$5,375.65$2,350.16
+128.35%

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.