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.

Japanese Yen

Japanese Yen

The yen (Japanese: 円, Hepburn: en, symbol: ¥; code: JPY; also abbreviated as JP¥) is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro, and the pound sterling. The concept of the yen was a component of the Meiji government's modernization program of Japan's economy; which postulated the pursuit of a uniform currency throughout the country modeled after the European decimal currency system. Before the Meiji Restoration, Japan's feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations. The New Currency Act of 1871 did away with these and established the yen, which was defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, as the new decimal currency. The former han (fiefs) became prefectures and their mints private chartered banks, which initially retained the right to print money. To bring an end to this situation the Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply.Following World War II the yen lost much of its prewar value. To stabilize the Japanese economy the exchange rate of the yen was fixed at ¥360 per $1 as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per $1 in 1973, then underwent periods of depreciation and appreciation due to the 1973 oil crisis, arriving at a value of ¥227 per $1 by 1980. Since 1973, the Japanese government has maintained a policy of currency intervention, and the yen is therefore under a "dirty float" regime. This intervention continues to this day. The Japanese government focuses on a competitive export market, and tries to ensure a low yen value through a trade surplus. The Plaza Accord of 1985 temporarily changed this situation from its average of ¥239 per US$1 in 1985 to ¥128 in 1988 and led to a peak value of ¥80 against the U.S. dollar in 1995, effectively increasing the value of Japan’s GDP to almost that of the United States. Since that time, however, the yen has greatly decreased in value. The Bank of Japan maintains a policy of zero to near-zero interest rates and the Japanese government has an extreme anti-inflation policy.

13 Burmese Kyat to Japanese Yen exchange rates chart

13 MMK to JPY exchange rates graph
13 MMK to JPY 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.

13 MMK to JPY exchange rates table

Exchange MMK to JPY
13 Burmese Kyat = 0.931 Japanese Yen
26 Burmese Kyat = 1.862 Japanese Yen
65 Burmese Kyat = 4.655 Japanese Yen
130 Burmese Kyat = 9.309 Japanese Yen
Exchange Burmese Kyat to Japanese Yen
13 Burmese Kyat to Japanese Yen 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.

13 MMK to JPY exchange rates news

Arms, ammunitions seized, militant nabbed

Uniindia: Imphal, Oct 9 (UNI)Manipur Police and Thoubal Battalion in a joint operation recovered a huge cache of foreign weapons, ammunition and other war like stores from general area Thoubal today.

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Movie Time: Screening from October 12 to 18

A Way Chit A film by Ko Zaw (Arr Yone Oo), this is a Burmese drama and comedy film featuring Aung Ye Lin, Soe Myat Thu Zar, Thet Mon Myint, Htun Ko Ko and Thandar Bo.

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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.

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'We feel like hermit crabs': Myanmar's climate dispossessed

In the coastal town of Khindan, the catastrophic effect of rising sea levels is all too apparent

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Japan provides 510mn Yen to assist Pakistan’s efforts for polio eradication
Japan provides 510mn Yen to assist Pakistan’s efforts for polio eradication

ISLAMABAD: The government of Japan has announced to provide 510 million Japanese Yen in grant aid to support supply of the essential polio vaccine for the

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Japan provides 510 million Yen to assist Pakistan’s efforts for Polio Eradication - Pakistan

English News and Press Release on Pakistan about Contributions, Health, Children and Epidemic; published on 19 Nov 2018 by Govt. Japan and UNICEF

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Japanese Yen Strength Against USD Probably Worth Chasing For Now

The Japanese Yen doesn’t have many fundamental reasons to rise against the US Dollar, but its strength may have further to go in the short

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Week-Ahead Forecast For The GBP To JPY Exchange Rate: Eyes On BOJ Gov Kuroda And PM May Leadership

After weak performance in recent weeks, the Japanese Yen saw a resurgence in demand last week that helped it to capitalise against plummeting Pound

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13 MMK to JPY currency converter