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Shiba Inu to Myanma Kyat Converter and calculator

Convert 1Shiba Inu (SHIB) to Myanma Kyat (MMK) equals Ks 0.05642 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Shiba Inu(SHIB) to Myanma Kyat(MMK). This is the real-time data. The current conversion shows 1 SHIB at a value of 1 SHIB for 0.06 MMK . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Shiba Inu currency pair is the SHIB to MMK, with for Shiba Inu's currency code being SHIB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MMK.

SHIB to MMK conversion rate trend

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In the past 1D, Shiba Inu has changed +17.70% to MMK. Based on the trend and price charts, Shiba Inu(SHIB) has changed +17.70% to MMK while Myanma Kyat(MMK) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ks0.05603
0.0001% / 0.0004%vip-iconVIP
Binance
Ks0.05624
0.1000% / 0.1000%
Yes
Coinbase Exchange
Ks0.05637
0.1000% / 0.1000%
Yes
Kraken
Ks0.05609
0.1000% / 0.1000%
Yes
OKX
Ks0.05622
0.080% / 0.100%
Yes
Huobi
Ks0.05620
0.1000% / 0.1000%
Yes
Gate.io
Ks0.05624
0.1000% / 0.1000%
Yes
Bybit
Ks0.05632
0.1000% / 0.1000%
Yes
KuCoin
Ks0.05620
0.1000% / 0.1000%
Yes
Bitfinex
Ks0.05611
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 01:00:34(UTC+0)

What factors influence the conversion rate of Shiba Inu to Myanma Kyat?

Shiba Inu to Myanma Kyat is rising this week.
Shiba Inu's current market price is Ks 0.05642 per SHIB, with a total market cap of Ks 33,248,463,075,228.11 MMK based on a circulating supply of 589,289,440,000,000 SHIB. The trading volume of Shiba Inu has changed by +47.41% (Ks 643,482,038,520.74 MMK) in the last 24 hours. Last trading day, SHIB's trading volume was Ks 1,357,204,857,222.16.
Market cap
$15.87B
24h volume
$954.80M
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is decreasing.
1 SHIB is currently valued at Ks 0.05642 MMK , which means buying 5 SHIB will cost Ks 0.2821 MMK . Similarly, Ks1 MMK can be traded for 17.72 SHIB, and Ks50 MMK can be converted to 886.19 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Myanma Kyat has changed by +28.44% in the last 7 days. In the last 24 hours, the rate has fluctuated by +17.70%, reaching a high of 0.05690 MMK and a low of 0.04749 MMK . One month ago, the value of 1 SHIB was Ks 0.05679 MMK , which represents a -0.65% change from its current value. Over the last year, Shiba Inu has changed by
+Ks
0.03499MMK
, resulting in a change of +163.11% in its value.

SHIB to MMK

Amount
01:26 am today
0.5 SHIB
Ks0.02821
1 SHIB
Ks0.05642
5 SHIB
Ks0.2821
10 SHIB
Ks0.5642
50 SHIB
Ks2.82
100 SHIB
Ks5.64
500 SHIB
Ks28.21
1000 SHIB
Ks56.42

MMK to SHIB

Amount01:26 am today
0.5MMK8.86  SHIB
1MMK17.72  SHIB
5MMK88.62  SHIB
10MMK177.24  SHIB
50MMK886.19  SHIB
100MMK1,772.38  SHIB
500MMK8,861.9  SHIB
1000MMK17,723.81  SHIB
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Today vs. 24 hours ago

Amount01:26 am today24 hours ago24h change
0.5 SHIB$0.{4}1346$0.{4}1144
+17.70%
1 SHIB$0.{4}2693$0.{4}2288
+17.70%
5 SHIB$0.0001346$0.0001144
+17.70%
10 SHIB$0.0002693$0.0002288
+17.70%
50 SHIB$0.001346$0.001144
+17.70%
100 SHIB$0.002693$0.002288
+17.70%
500 SHIB$0.01346$0.01144
+17.70%
1000 SHIB$0.02693$0.02288
+17.70%

Today vs. 1 month ago

Amount01:26 am today1 month ago1M change
0.5 SHIB$0.{4}1346$0.{4}1355
-0.65%
1 SHIB$0.{4}2693$0.{4}2710
-0.65%
5 SHIB$0.0001346$0.0001355
-0.65%
10 SHIB$0.0002693$0.0002710
-0.65%
50 SHIB$0.001346$0.001355
-0.65%
100 SHIB$0.002693$0.002710
-0.65%
500 SHIB$0.01346$0.01355
-0.65%
1000 SHIB$0.02693$0.02710
-0.65%

Today vs. 1 year ago

Amount01:26 am today1 year ago1Y change
0.5 SHIB$0.{4}1346$0.{5}5114
+163.11%
1 SHIB$0.{4}2693$0.{4}1023
+163.11%
5 SHIB$0.0001346$0.{4}5114
+163.11%
10 SHIB$0.0002693$0.0001023
+163.11%
50 SHIB$0.001346$0.0005114
+163.11%
100 SHIB$0.002693$0.001023
+163.11%
500 SHIB$0.01346$0.005114
+163.11%
1000 SHIB$0.02693$0.01023
+163.11%

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.