Myanma Kyat

The Myanma Kyat decreased to 960 in April from 963 in March of 2014. Myanma Kyat averaged 926.82 from 2012 until 2014, reaching an all time high of 989 in December of 2013 and a record low of 847.95 in October of 2012. The USDMMK spot exchange rate specifies how much one currency is currently worth in terms of the other. While the USDMMK spot exchange rate is quoted and exchanged in the same day, the USDMMK forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Myanma Kyat - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
960.00 963.00 989.00 847.95 971.42 | 2014/05 2012 - 2014 Daily

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Myanma Kyat
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Markets Last Previous Highest Lowest Forecast Unit
Currency 960.00 2014-04-19 963.00 989.00 847.95 971.42 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Myanmar Exports at 680.40 USD Million  
Exports in Myanmar decreased to 680.40 USD Million in January of 2014 from 1757.60 USD Million in December of 2013. Exports in Myanmar is reported by the Central Statistics Organization, Myanmar.
Myanmar Balance of Trade at -816.60 USD Million  
Myanmar recorded a trade deficit of 816.60 USD Million in January of 2014. Balance of Trade in Myanmar is reported by the Central Statistics Organization, Myanmar.
Myanmar Imports at 1497.00 USD Million  
Imports in Myanmar increased to 1497 USD Million in January of 2014 from 1351 USD Million in December of 2013. Imports in Myanmar is reported by the Central Statistics Organization, Myanmar.
Myanmar Inflation Rate at 4.90 Percent  
The inflation rate in Myanmar was recorded at 4.90 percent in January of 2014. Inflation Rate in Myanmar is reported by the Central Statistics Organization, Myanmar.
Myanmar Interest Rate at 10.00 Percent  
The benchmark interest rate in Myanmar was last recorded at 10 percent. Interest Rate in Myanmar is reported by the Central Bank of Myanmar.
Myanmar Personal Income Tax Rate at 20.00 percent  
The Personal Income Tax Rate in Myanmar stands at 20 percent. Personal Income Tax Rate in Myanmar is reported by the Internal Revenue Department.
Myanmar Sales Tax Rate | VAT at 30.00 Percent  
The Sales Tax Rate in Myanmar stands at 30 percent. Sales Tax Rate in Myanmar is reported by the Internal Revenue Department.
Myanmar Government Debt To GDP at 53.53 Percent  
Myanmar recorded a Government Debt to GDP of 53.53 percent of the countrys Gross Domestic Product in 2011. Government Debt To GDP in Myanmar is reported by the Central Statistics Organization, Myanmar.
Myanmar Current Account at -1249.00 USD Million  
Myanmar recorded a Current Account deficit of 1249 USD Million in 2012. Current Account in Myanmar is reported by the Ministry of National Planning and Economic Development, Myanmar.
Myanmar Tourist Arrivals at 206567.00  
Tourist Arrivals in Myanmar increased to 206567 in November of 2013 from 174885 in October of 2013. Tourist Arrivals in Myanmar is reported by the Ministry of National Planning and Economic Development, Myanmar.
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LATEST NEWS

Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
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