MMKMyanmar KyatMyanmar Kyat (MMK)
The Myanmar kyat is the national currency used to denominate prices, wages, public revenue and domestic accounts across Myanmar.
- ISO code
- MMK
- Symbol
- K
- Region
- Asia Pacific
- Currency type
- Fiat currency
- Exchange system
- MMK operates under a managed national exchange-rate framework administered by the Central Bank of Myanmar.
- Last reviewed
Convert this currency
MMK converter
MMKRate date:
Quick facts
MMK at a glance
Currency profile
How MMK works
The Myanmar kyat is the national currency used to denominate prices, wages, public revenue and domestic accounts across Myanmar.
The Central Bank of Myanmar administers MMK and the country's monetary and foreign-exchange framework. One kyat is formally divided into 100 pya, although low-value subdivisions have limited practical use.
- The present kyat unit was introduced in 1952 after the Burmese rupee era.
- MMK is a managed national currency whose official and accessible market rates can differ by channel and policy setting.
Context
Why this currency matters
Understanding MMK requires separating the currency's legal unit from the rate available through a particular bank or transfer channel. Myanmar has changed its foreign-exchange framework at several points, so a dated provider reference rate is more useful than an undated conversion claim. The kyat also gives context to Myanmar's commercial links with Thailand, China, India and Bangladesh.
Monetary framework
Exchange arrangement
MMK operates under a managed national exchange-rate framework administered by the Central Bank of Myanmar.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for MMK
Kyat introduced
The current kyat unit replaced the Burmese rupee in the post-independence monetary system.
Central Bank of MyanmarCountry name changed
The state adopted the English name Myanmar while the kyat remained the national currency.
Central Bank of MyanmarForeign-exchange reforms
Myanmar began a managed exchange-rate reform intended to bring the official framework closer to prevailing market conditions.
Central Bank of Myanmar
Usage and economy
How MMK is used
- Kyat is the accounting and cash unit for ordinary domestic transactions in Myanmar.
- Regional comparisons commonly involve THB, CNY, INR and BDT because of trade and border links.
Banknotes and coins
MMK currency units
Central Bank of Myanmar is the authoritative source for the current MMK banknote framework.
Central Bank of Myanmar is the authoritative source for the current MMK coin framework.
One Myanmar Kyat unit is recorded with 2 decimal places and uses Pya as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
MMK questions
What does MMK identify?
MMK is the ISO 4217 code for the Myanmar kyat.
What is one kyat divided into?
One kyat is formally divided into 100 pya.
Why can MMK quotations differ between providers?
Myanmar's managed foreign-exchange setting and differences between banking, transfer and cash channels can produce different customer quotations.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.