SOY to MMK Converter and calculator


Conversion rates
Convert SOY to MMK
Convert MMK to SOY
SOY to MMK chart
SOY to MMK conversion data: Volatility and price changes of Soyjak in MMK
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 1.47 MMK | 1.47 MMK | 1.55 MMK | 4.85 MMK |
Low | 1.37 MMK | 0.7205 MMK | 0.5726 MMK | 0.3529 MMK |
Average | 0 MMK | 0 MMK | 0 MMK | 0 MMK |
Volatility | % | % | % | % |
Change | -0.67% | +31.92% | +23.20% | +208.40% |
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Soyjak information
SOY to MMK market statistics
Current SOY to MMK exchange rate
Soyjak to Myanma Kyat is rising this week.More info about Soyjak on Bitget
Myanma Kyat information
About Myanma Kyat (MMK)
The Myanma Kyat (MMK), introduced in 1952, is not merely the monetary unit of Myanmar; it represents a crucial aspect of the nation's complex socio-economic narrative. It is commonly abbreviated as MMK and represented by the symbol Ks. Emerging in the post-independence era as a replacement for the Indian Rupee, the Kyat has since navigated through Myanmar's turbulent history, economic reforms, and ongoing challenges.
Historical Background
The introduction of the Myanma Kyat marked a significant milestone in Myanmar’s journey towards economic self-identity after gaining independence from British colonial rule. The Kyat was established to facilitate the development of a nascent economy free from colonial ties and has witnessed several political and economic upheavals since then.
Design and Symbolism
The design of the Kyat reflects Myanmar's rich cultural heritage and national identity. The currency features iconic figures from Myanmar's history, landmarks, and cultural symbols that narrate the country’s storied past and aspirations. These designs not only serve as a medium for financial transactions but also as emblems of national pride and identity.
Economic Role
The Kyat plays a central role in Myanmar’s economy, which is characterized by its agricultural base, natural resource wealth, and more recently, a burgeoning tourism industry. As the primary medium of exchange, it supports various sectors, enabling trade and facilitating economic activities crucial for the country’s development.
Monetary Policy and Inflation
Managed by the Central Bank of Myanmar, the Kyat has faced challenges such as inflation, currency depreciation, and economic sanctions. The central bank's monetary policies are aimed at stabilizing the currency and fostering an environment conducive to economic stability and growth.
International Trade and the Myanma Kyat
The value of the Kyat is significant in international trade, especially for Myanmar's key exports like rice, natural gas, and garments. A stable Kyat is vital for maintaining competitive export prices and attracting foreign investment.
Remittances and Economic Impact
Remittances from Burmese working abroad, particularly in Thailand, Malaysia, and Singapore, are a vital source of income for many families and contribute to the national economy. These funds, exchanged into Kyats, support household incomes and contribute to economic stability.
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SOY to MMK Conversion tables
Amount | 11:24 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 SOY | Ks0.7014 | Ks0.7061 | -0.67% |
1 SOY | Ks1.4 | Ks1.41 | -0.67% |
5 SOY | Ks7.01 | Ks7.06 | -0.67% |
10 SOY | Ks14.03 | Ks14.12 | -0.67% |
50 SOY | Ks70.14 | Ks70.61 | -0.67% |
100 SOY | Ks140.27 | Ks141.22 | -0.67% |
500 SOY | Ks701.37 | Ks706.1 | -0.67% |
1000 SOY | Ks1,402.74 | Ks1,412.21 | -0.67% |
SOY to MMK FAQ
What factors influence the conversion rate of SOY to MMK?
Popular exchange rates — Crypto-to-Fiat converter
The price of Soyjak in the US is $0.0006667 USD. Additionally, Soyjak’s price is €0.0005705 EUR in the eurozone, £0.0004908 GBP in the UK, C$0.0009184 CAD in Canada, ₹0.05838 INR in India, ₨0.1893 PKR in Pakistan, R$0.003595 BRL in Brazil, and more.
The most popular Soyjak currency pair is the SOY to Myanma Kyat(MMK). The price of 1 Soyjak (SOY) in Myanma Kyat (MMK) is Ks1.4.
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