Myanma Kyat

The Myanma Kyat remained unchanged at 963 in April from 963 in March of 2014. Myanma Kyat averaged 927.16 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
963.00 963.00 989.00 847.95 975.88 | 2014/05 2012 - 2014 Daily

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Myanma Kyat
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Markets Last Previous Highest Lowest Forecast Unit
Currency 963.00 2014-04-24 963.00 989.00 847.95 975.88 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

US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
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