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base info Optimism

Optimism to Myanma Kyat Converter and calculator

Convert 1Optimism (OP) to Myanma Kyat (MMK) equals Ks 4,919.08 | 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 Optimism currency pair is the OP to MMK, with for Optimism's currency code being OP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MMK.

OP to MMK conversion rate trend

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In the past 1D, Optimism has changed +10.25% to MMK. Based on the trend and price charts, Optimism(OP) has changed +10.25% to MMK while Myanma Kyat(MMK) has changed % to OP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ks4,915.36
0.0001% / 0.0004%vip-iconVIP
Binance
Ks4,910.5
0.1000% / 0.1000%
Yes
Coinbase Exchange
Ks4,914.69
0.1000% / 0.1000%
Yes
OKX
Ks4,910.92
0.080% / 0.100%
Yes
Huobi
Ks4,916.57
0.1000% / 0.1000%
Yes
Gate.io
Ks4,910.71
0.1000% / 0.1000%
Yes
Bybit
Ks4,912.59
0.1000% / 0.1000%
Yes
KuCoin
Ks4,914.69
0.1000% / 0.1000%
Yes
Bitfinex
Ks4,910.08
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 23:00:33(UTC+0)

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

Optimism to Myanma Kyat is falling this week.
Optimism's current market price is Ks 4,919.08 per OP, with a total market cap of Ks 4,949,288,429,707.32 MMK based on a circulating supply of 1,006,141,600 OP. The trading volume of Optimism has changed by -23.91% (Ks -320,011,104,511.12 MMK) in the last 24 hours. Last trading day, OP's trading volume was Ks 1,338,448,977,632.46.
Market cap
$2.36B
24h volume
$486.15M
Circulating supply
1.01B OP

Conversion tables

The exchange rate of Optimism is decreasing.
1 OP is currently valued at Ks 4,919.08 MMK , which means buying 5 OP will cost Ks 24,595.39 MMK . Similarly, Ks1 MMK can be traded for 0.0002033 OP, and Ks50 MMK can be converted to 0.01016 OP, excluding any platform or gas fees.
The exchange rate of 1 OP to Myanma Kyat has changed by -26.53% in the last 7 days. In the last 24 hours, the rate has fluctuated by +10.25%, reaching a high of 4,958.61 MMK and a low of 4,327.74 MMK . One month ago, the value of 1 OP was Ks 7,989.67 MMK , which represents a -38.44% change from its current value. Over the last year, Optimism has changed by
-Ks
773.23MMK
, resulting in a change of -13.59% in its value.

OP to MMK

Amount
23:50 today
0.5 OP
Ks2,459.54
1 OP
Ks4,919.08
5 OP
Ks24,595.39
10 OP
Ks49,190.77
50 OP
Ks245,953.86
100 OP
Ks491,907.72
500 OP
Ks2,459,538.62
1000 OP
Ks4,919,077.24

MMK to OP

Amount23:50 today
0.5MMK0.0001016  OP
1MMK0.0002033  OP
5MMK0.001016  OP
10MMK0.002033  OP
50MMK0.01016  OP
100MMK0.02033  OP
500MMK0.1016  OP
1000MMK0.2033  OP
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Today vs. 24 hours ago

Amount23:50 today24 hours ago24h change
0.5 OP$1.17$1.06
+10.25%
1 OP$2.35$2.13
+10.25%
5 OP$11.74$10.65
+10.25%
10 OP$23.48$21.3
+10.25%
50 OP$117.4$106.49
+10.25%
100 OP$234.81$212.98
+10.25%
500 OP$1,174.05$1,064.9
+10.25%
1000 OP$2,348.1$2,129.8
+10.25%

Today vs. 1 month ago

Amount23:50 today1 month ago1M change
0.5 OP$1.17$1.91
-38.44%
1 OP$2.35$3.81
-38.44%
5 OP$11.74$19.07
-38.44%
10 OP$23.48$38.14
-38.44%
50 OP$117.4$190.69
-38.44%
100 OP$234.81$381.38
-38.44%
500 OP$1,174.05$1,906.91
-38.44%
1000 OP$2,348.1$3,813.83
-38.44%

Today vs. 1 year ago

Amount23:50 today1 year ago1Y change
0.5 OP$1.17$1.36
-13.59%
1 OP$2.35$2.72
-13.59%
5 OP$11.74$13.59
-13.59%
10 OP$23.48$27.17
-13.59%
50 OP$117.4$135.86
-13.59%
100 OP$234.81$271.72
-13.59%
500 OP$1,174.05$1,358.6
-13.59%
1000 OP$2,348.1$2,717.19
-13.59%

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.