Burmese Kyat

Burmese Kyat

The kyat (, US: or ; Burmese: ကျပ် [tɕaʔ]; ISO 4217 code MMK) is the currency of Myanmar (Burma). It is often abbreviated as "K" (singular or plural) or "Ks" (plural), which is placed before or after the numerical value, depending on author preference. The term kyat derives from the ancient Burmese unit kyattha, equal to 16.3 grams of silver.

Australian Dollar

Australian Dollar

The Australian dollar (sign: $; code: AUD) is the currency of the Commonwealth of Australia, including its external territories Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru, Tonga, Tuvalu, and Vanuatu. The Australian dollar was legal tender of Papua New Guinea until 1 January 1976, when the Papua New Guinean kina became the sole legal tender. Within Australia, it is almost always abbreviated with the dollar sign ($), with A$ or AU$ sometimes used to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents. In 2016, the Australian dollar was the fifth most traded currency in the world, accounting for 6.9% of the world's daily share (down from 8.6% in 2013). It trades in the world foreign exchange markets behind the US dollar, the euro, the yen and the pound sterling. The Australian dollar is popular with currency traders, because of the comparatively high interest rates in Australia, the relative freedom of the foreign exchange market from government intervention, the general stability of Australia's economy and political system, and the prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle. The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".

1158 Burmese Kyat to Australian Dollar exchange rates chart

1158 MMK to AUD exchange rates graph
1158 MMK to AUD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1158 MMK to AUD exchange rates table

Exchange MMK to AUD
1158 Burmese Kyat = 1.056 Australian Dollar
2316 Burmese Kyat = 2.111 Australian Dollar
5790 Burmese Kyat = 5.278 Australian Dollar
11580 Burmese Kyat = 10.557 Australian Dollar
Exchange Burmese Kyat to Australian Dollar
1158 Burmese Kyat to Australian Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1158 MMK to AUD exchange rates news

Special Report: In a Muslim lawyer's murder, Myanmar's shattered dream

By Tom LasseterYANGON (Reuters) - As Ko Ni...

10 days indicative negative
Myanmar to host int'l textile, garment expo in Yangon in December

An international textile and garment expo hosted by Myanmar will take place in Myanmar's largest city Yangon from Dec. 6-9, according to the event organizer Monday.

20 days conditional positive
Hight Court rules Reuters journalists can appeal

Myanmar's High Court has ruled that two jailed Reuters reporters can appeal their convictions on charges of violating the country's law that prohibits the gathering of secret documents to help an enemy, VOA reported.

21 days conditional negative
Yoma Bank and Early Dawn Microfinance sign a US$10 mn funding agreement

Yoma Bank and Early Dawn Microfinance Company Limited (DAWN) signed a USD 10M local currency equivalent (circa MMK 13.5B) funding agreement in support of DAWN’s microfinance operations in Myanmar.

about 2 months conditional neutral
Movie Time: Screenings from October 19 to 25

Ta Say Par Lar Bi Directed by R.Peraks, it is a Burmese horror film casting by Pyay Ti Oo, Ei Chaw Po, Nyi Htut Kaung, Khin Hlaing, Aung Zaw Min and other acts.

2 months indicative positive
Dollar gains, but outlook suggests weak trend

The dollar rose against the euro on Friday, boosted by technical factors after the single currency hit key resistance levels, even as the greenback's outlook remained bleak amid cautious signals from the Federal Reserve about further rate hikes.

6 days indicative negative
Key indicators from the Australian economy in 2018

There is little doubt that 2018 was a year of ups and downs in many sectors as worldwide volatility attempted to undermine what could otherwise have been a year of gains in certain areas.

17 days conditional neutral
Vital Signs: 35 extraordinary years. What the float of Australian dollar bought us

Floating the dollar 35 years ago was a leap into the unknown. Here's how it has served us well.

about 1 month conditional neutral

1158 MMK to AUD currency converter