Exchange Rate in Myanmar

Myanmar Exchange Rate | Economic News & Forecasts

Myanmar - Exchange Rate

Violent unrest rumbled on in Q2 as the opposition vied with the military junta for control of the government, casting the country further into an economic abyss, with the manufacturing PMI deep in contractionary territory. Turning to Q3, vaccine imports from China and Russia should have boosted the country’s supply of shots. However, amid a still-low vaccination rate, the Covid-19 surge continues to overwhelm the healthcare system. This, together with new restrictions, is weighing on economic activity, as indicated by a large drop in the manufacturing PMI in July. On the political front, a resolution of the crisis in the short term seems unlikely as the opposition remains divided. Moreover, China has de facto recognized the regime and ASEAN members are not expected to intervene. This bodes poorly for any normalization of economic conditions in the near term.

Myanmar - Exchange Rate Data

2015   2016   2017   2018   2019  
Exchange Rate (vs USD)1,304  1,358  1,362  1,550  1,466  

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Myanmar Exchange Rate Chart

Myanmar Exchange Rate
Note: Burmese kiat (MMK) per U.S. dollar.
Source: Thomson Reuters.

Myanmar Facts

Value Change Date
Bond Yield16.000.0 %Oct 15
Exchange Rate1,4760.0 %Jan 01

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