To get in touch with us about travel, tours or activities, fill out this form or email [email protected]Are you an agent or tourist service provider? View a graph which plots historical exchange rates for the Myanmar Kyat against the US Dollar Invert table The table currently shows historical exchange rates for Myanmar Kyats per 1 US Dollar. No. KBZ Bank is guided by a belief and a culture that runs throughout the entire organization: being good to people and doing the right thing. K500). For official … MYANMA APEX BANK OPENS 101TH BANK BRANCH. MOB Bank 6. KBZBMMMY XXX - SWIFT Code (BIC) - KANBAWZA BANK LTD in YANGON - MYANMAR. Myanmar Exchange Rates and Currency Converter uses Central Bank of Myanmar and other banks data (KBZ, AYA, etc) to show a list of latest currency rates with a converter function. Unsurprisingly, the exchange rate is subject to fluctuation; check online for the latest rates before exchanging. The latest on connectivity in this fast-changing country. YOMA Bank 5. Discover our personal, corporate, mobile and e-banking services. The parent company is one of the well-known companies that operate the largest private bank in Myanmar. KBZ has filed suits against businessman U Ko Ko Htoo and Myanmar Annawa Swan A Shin Company Limited at the Yangon Region High Court, alleging he and the company had failed to repay loans and had accumulated a total debt including interest of around K326 billion (US$221.4 million at current exchange rates). Recent Activities. Air KBZ or other wise known as Air Kanbawza (K7/KBZ), is a privately owned Burmese Airline. Our currency rankings show that the most popular Myanmar (Burma) Kyat exchange rate is the USD to MMK rate.The currency code for Kyats is MMK, and the currency symbol is K. Below, you'll find Burmese Kyat rates and a currency converter. Fund Transfer To facilitate fast and secured transfer of funds, KBZ offers domestic and international remittances through our largest network of branches, ATMs, and digital channels. While visitors once had to bring in all the necessary cash for their travels into Myanmar, there are now thousands of ATMS that accept international bank and credit cards located around the country – although bear in mind that most are concentrated in Yangon, Mandalay, Nay Pyi Taw, Bagan and Inle Lake. The kyat (pronounced ‘chat’) is the official currency of Myanmar, abbreviated as ‘K‘ or 'MMK' and usually placed before the numerical value (i.e. We can book multi-day trips, day tours and other activities. If you are spending more than a few days outside of Yangon, Mandalay or Nay Pyi Taw, make sure to exchange enough money beforehand or make the necessary ATM withdrawal; it can be difficult to change money outside the main cities, and you will probably get a worse rate. Click here to get in touch with our experienced team. AGD Bank makes banking in Myanmar secure and easy. Exchange Rates with reference to Exchange Counter Rate (Bank Street, International Banking Division). Compare money transfer services, compare exchange rates and commissions for sending money from United States to Burma (Myanmar). However, due to restrictions and limitations on money transfer, currency exchange, trade restrictions and import/export restrictions as well as non-transparency in government policies, fluctuations in the Myanmar currency exchange rate … Depending on the conditions set by your own bank at home, you may be allowed multiple withdrawals per day. Kyat come in notes (no coins) of value K50, K100, K200, K500, K1000, K5000 and K10,000. MCB Bank 10. How much minimum for … Currency exchange rates at AYA Bank were higher than at KBZ Bank (1546 MMK for 1 USD, 1125 MMK for 1 SGD and 1740 MMK for 1 EUR) but again they were just indicative and offered for the … KBZ has filed suits against businessman U Ko Ko Htoo and Myanmar Annawa Swan A Shin Company Limited at the Yangon Region High Court, alleging he and the company had failed to repay loans and had accumulated a total debt including interest of around K326 billion (US$221.4 million at current exchange rates). Traveller’s cheques are not generally accepted in Myanmar. Invert the table to see US Dollars per 1 Myanmar Kyat. Currency converter The converter shows the conversion of 1 US dollar to Myanmar … Exchange Rate : 21.1.2021 It shows the exchange rate of the two currencies conversion. Since the Central Bank of Myanmar (CBM) approved selected private banks to conduct foreign exchange operations starting from October 2011, Kanbawza (KBZ) Bank have operated the following foreign currencies in order to provide the more efficient flows of foreign trade and investments for the local and international customer alike. Free online currency conversion based on exchange rates. Reference Foreign Exchange Rates as of 21 st January 2021 The reference exchange … AGD Bank - the bank that grows with you. Also, … It also shows the history chart of this currency pairs, by choosing the time period you can get more detailed information. Yangon locations include Yangon airport, all major shopping centres and markets, as well as many smaller branches dotted around town. Floating. MMK. The rate of 8% is 0% higher than the average 8%. No. Currency : Start Date : End Date : Go. Cardholders can also withdraw local currency from ATMs and use their cards at a growing number of major outlets such as hotels, restaurants, and retailers. It was founded by the KBZ Group in 2010. It lists the mutual conversions between the Australian dollar and other top currencies, and also lists the exchange rates between this currency and other currencies. K500). Exchange rates of Myanmar Banks 1. With the history chart of this currency pairs you can review market history and analyze rate trends. MYANMA APEX BANK OPENS 100TH BANK BRANCH. ငွေကြေးမူဝါဒ အကောင်အထည်ဖော်ဆောင်ရွက်ချက် အစီရင်ခံစာ, Myanmar National Payments System Strategy (2020-2025) (English), Myanmar National Payments System Strategy (2020-2025) (Myanmar), Licensed Mobile Financial Service Providers, List of Mobile Financial Services Providers, List of Representative Offices of Foreign Banks and Finance Companies, Guideline on Risk Management Practices of Banks, Market Discount Rates at the Government Treasury Bill Auction, Market Weighted Average Yields at the Government Treasury Bond Auction, Information Booklet for Government Securities Issuing and Trading System, Securities Company များအား အစိုးရငွေချေးသက်သေခံလက်မှတ်များ ရောင်းဝယ်ခြင်းကို Primary Market နှင့် Secondary Market တို့တွင် ပါဝင်ဆောင်ရွက်နိုင်ရန် Operational Procedure ထုတ်ပြန်ခြင်း, International Transactions Reporting System (ITRS) Code/ FET Reporting Code, ငွေကြေးခဝါချမှုတိုက်ဖျက်ရေးနှင့် အကြမ်းဖက်မှုတိုက်ဖျက်ရေးဆိုင်ရာ ဥပဒေပြဋ္ဌာန်းချက်များ ကို လိုက်နာဆောင်ရွက်ရေးသင်တန်းအမှတ်စဉ်(၂)တွင် တက်ရောက်ရန်ရွေးချယ်ခံရသူများ စာရင်းကြေညာခြင်း, Activities of Interbank Foreign Exchange Market for 22.1.2021, Activities of Interbank Foreign Exchange Market for 21.1.2021, Activities of Interbank Foreign Exchange Market for 20.1.2021, Activities of Interbank Foreign Exchange Market for 19.1.2021, Examination on AML/CFT activity of the Banks, Depository Corporations Survey, Other Depository Corporations Survey, Money Supply, Sectoral Loans of State-Owned Banks and Private Banks, Criteria for Foreign Exchange Dealer Licenses, Criteria for Non-Bank Money Changer License, Registration Template for Projected Repatriation Schedule of Principal, Monetary and Financial Cooperation with ASEAN and ASEAN+3 Countries, Directive for Interbank Money Market Transactions, Instruction for Bilateral Interbank FX Transactions, Instruction for Bilateral Repurchase (Repo) Agreement, Methodology on determination of Reference Exchange Rate is available. LTD. All rights reserved. contact@cbbank.com.mm (95-1) 231 7770. (46), Union Financial Center (Tower A & B), Corner of Mahar Bandoola Road & Thein Phyu Road, Botahtaung Township, Yangon, 11161 Myanmar. The use of international bank and credit cards to pay for goods and services at outlets in Myanmar is currently limited but, as with so much in the country, the situation is changing fast; in Yangon and some of the more popular spots around the country, cards can be used at point of sale – although a significant transaction charge may be incurred. Free online currency conversion based on exchange rates. Copyright © 2015 Central Bank of Myanmar. Reference Exchange rate (WA market rate) 1,334.8: Interbank Market WA rate: 1,334.9: Bank-customer Market WA rate: 1,334.6 KBZ Bank and Shwe Than Lwin Skynet have announced recently that they have jointly contributed fund for turning the Yangon Convention Centre-YCC to Inya Lake COVID Centre which will receive and give treatment to patients. The … Currency. Central Bank 2. Directory of best currency transfer providers, compare to exchange rates when sending money from Burma (Myanmar) Myanmar Oriental Bank Limited was incorporated as a private limited bank under the Financial Institutions of Myanmar Law and started its operations in 1993. You will only receive emails that you permitted upon submission and your email address will never be shared with any third parties without your express permission. All rights reserved. Exchange Rates When converting amounts, we have used an exchange rate of $1 = Ks1,350, which was the approximate average rate during Q1 2018. Hire Purchase is a service provided by KBZ Bank for our account holders, SME Business owners and Organizations alike to pay for goods in installations over a period of time with a required … Export to Excel Export this data to a CSV file which can be imported by Microsoft Excel. KBZ has filed suits against businessman U Ko Ko Htoo and Myanmar Annawa Swan A Shin Company Limited at the Yangon Region High Court, alleging he and the company had failed to repay loans and had accumulated a total debt including interest of around K326 billion (US$221.4 million at current exchange rates). K500). The official Facebook account of KBZ BANK (Kanbawza Bank). Central Bank of Myanmar Central Bank of Myanmar Reference Exchange Rate History. A Bank 9. The round trip Kyaukpyu-Yangon direct flights were started on 23 December 2020. KBZ Bank 3. Currency. UAB Bank 8. Myanmar Citizens Bank 10. MOB Bank 6. KBZ Bank Overview. Exchange rates of Myanmar Banks 1. 8%. Also, pre-2006 dollar bills or ones with the letters AB and CB at the start of the serial number (at the top left corner of note) may not be accepted. Hire purchase. average: K … The kyat (pronounced ‘chat’) is the official currency of Myanmar, abbreviated as ‘K‘ or 'MMK' and usually placed before the numerical value (i.e. The Burmese Kyat is the currency of Myanmar (Burma). The bank has grown rapidly over the past seven years to become the second largest in the country, with [234] branches, [1.4m customer], Kyat [4.7] trillion customer deposits and [150 billion] Shareholders’ Equity as at the … The bank has grown rapidly over the … Rate. Like other markets, currency exchange rate in Myanmar is also influenced by many factors. AYA Bank was licensed by the Central Bank of Myanmar on 2 July 2010 and relicensed under the Financial Institutions Law 2016 as a full service universal bank. This is no longer the case; you can now get a good exchange rate at banks and official money exchanges. CBM announces daily Reference Exchange Rate every working day at 4:00 PM, based on deals between 9:00 AM and 3:00 PM. Foreign Exchange. Smaller purchases, such as taxi rides, buses and cheaper to mid-range meals are quoted and are almost always paid for in kyat. Track Kyat forex rate changes, track Kyat historical changes. AGD Bank - the bank that grows with you. KBZ offers you foreign exchange services at competitive rates for a wide range of foreign currencies to meet your international trading needs and funding requirements. Air KBZ or other wise known as Air Kanbawza (K7/KBZ), is a privately owned Burmese Airline. Currently only Visa, Mastercard (Maestro/Cirrus), China’s Union Pay and Japan’s JCB can be used; the biggest providers of compatible ATMs are CB (Co-operative) Bank and KBZ (Kanbawza) Bank. Country Currency Value Rate; United State Dollar: USD: 1/-=K: 1,334.6 : Euro: EUR: 1/-=K : 1,625.7 : Singapore Dollar ... Daily Exchange Rates . Currency Exchange. Shwe Bank Exchanges rates of Myanmar Currency(Kyats) from Central Bank of Myanmar and Myanmar Banks Exchange rates of Myanmar Banks - Central Bank - KBZ Bank - AYA Bank - YOMA Bank - MOB Bank - … Money can be changed at banks in the downtown areas of larger cities and at most major airports, including Yangon, Mandalay, Nay Pyi Taw, Bagan and Thandwe (for Ngapali beach). The rate of 8% is 0% higher than the average 8%. This is the page of Singapore Dollar (SGD) to Myanmar Kyat (MMK) conversion, below you can find the latest exchange rate between them and is updated every 1 minutes. Click here to make an enquiry. Among the domestic flights halted because of the pandemic, the AIR KBZ will resume its flights three days a week to Kyaukpyu Township in Rakhine State, according to the AIR KBZ airline in … Myawaddy Bank 11. Myanmar Exchange Rates and Currency Converter uses Central Bank of Myanmar and other banks data (KBZ, AYA, etc) to show a list of latest currency rates with a converter function. Discover our personal, corporate, mobile and e-banking services. You can also subscribe to our currency newsletters with daily rates … The bank has grown rapidly over the … The parent company is one of the well-known companies that operate the largest private bank in Myanmar. ATMs are also more difficult to find in these areas (see more information below on ATMs). Currency exchange rates at AYA Bank were higher than at KBZ Bank (1546 MMK for 1 USD, 1125 MMK for 1 SGD and 1740 MMK for 1 EUR) but again they were just indicative and offered for the top notes only. Media Investor Relations Corporate Social Responsibility MMK Exchange rate for other currencies are available here (forex.cbm.gov.mm), Ministry of Planning, Finance and Industry. In Yangon, you can also head to the popular and central Bogyoke Aung San Market (Scott Market) if you want to change money at the weekend – here you can find numerous money-changing shops (these tend to shut around 3.30 to 4pm). KBZ Bank Interest RatesKanbawza Bank or KBZ Bank is a major bank in Myanmar/ Burma. For ATM cash withdrawals, there is typically a K5000 transaction fee, and a withdrawal limit of K300,000 per transaction. Currency converter The converter shows the conversion of 1 US dollar to Myanmar kyat as of Wednesday, 20 January 2021. ll 【$1 = Ks1330.4951】 US dollar to Myanmar kyat rate today. : Bank / Institution KBZBMMMY XXX - SWIFT Code (BIC) - KANBAWZA BANK LTD in YANGON - MYANMAR. That is why we are driven by our three values – Metta, Thet Ti, Virya – loving kindness, perseverance and courage. How much percentage of interest rate given for foreigner? Sign up to our newsletter - covering the latest Myanmar travel news, insights and Go-Myanmar.com developments, exchange enough money beforehand or make the necessary ATM withdrawal, thousands of ATMS that accept international bank and credit cards, Mount Victoria and Nat Ma Taung National Park, Cultural differences & adapting to Myanmar. It was founded by the KBZ Group in 2010. Recent Activities. Exchange Rate : 21.1.2021 Until recent government reforms, it was necessary for visitors to Myanmar to change money on the black market in order to get a reasonable exchange rate. However, due to restrictions and limitations on money transfer, currency exchange, trade restrictions and import/export restrictions as well as non-transparency in government policies, fluctuations in the Myanmar currency exchange rate is common and unpredictable, with many … 911 were here. Dollar bills should be brought to Myanmar in differing denominations: take plenty of $10, $5 and $1 bills to pay for hotels, flights and historical sites, and take $100 or $50 bills for exchanging to kyat (larger denominations usually get a better rate). Welcome to the page of Myanmar Kyat (MMK) Exchange Rate (Myanmar Kyat Currency Conversion). AYA Bank was licensed by the Central Bank of Myanmar on 2 July 2010 and relicensed under the Financial Institutions Law 2016 as a full service universal bank. There are no international banks in Myanmar at the moment, and local banks are in the process of becoming part of the international banking system. That is why we are driven by our three values – Metta, Thet Ti, Virya – … Track Kyat forex rate changes, track Kyat historical changes. Media … Acronyms ADB Asian Development Bank BOT Build-Operate-Transfer CBD Central Business District CBM Central Bank of Myanmar CHDB Construction and Housing Development Bank AYA Bank was licensed by the Central Bank of Myanmar on 2 July 2010 and relicensed under the Financial Institutions Law 2016 as a full service universal bank. Burma (Myanmar) currency (MMK). contact@cbbank.com.mm (95-1) 231 7770. Welcome to the page of Myanmar Kyat (MMK) Exchange Rate (Myanmar Kyat Currency Conversion). Exchange Rates with reference to Exchange Counter Rate (Bank Street, International Banking Division). It lists the mutual conversions between the Australian dollar and other top currencies, and also lists the exchange rates … Swift Code KBZBMMMY is the unique bank identifier for KANBAWZA BANK LTD's head office branch located in YANGON - MYANMAR and it's used to verify financial transactions such as a bank wire transfers (international wire transfers). 21st October 2013, 11:30 AM. KBZ Bank and CB Bank are the largest local banks and have country-wide network of ATMs that accept Visa, Mastercard, Union Pay and JCB. 21st October 2013, 11:30 AM. Reference Exchange rate (WA market rate) 1,334.8: Interbank Market WA rate: 1,334.9: Bank-customer Market WA rate: 1,334.6 The rate of 8% is 0% … AGD Bank makes banking in Myanmar secure and easy. Convert American Dollars to Myanmar Kyats with a conversion calculator, or Dollars to Kyats conversion tables. Visit our partner area here. Fund Transfer To facilitate fast and secured transfer of funds, KBZ … Directory of best currency transfer providers, compare to exchange rates when sending money from Burma (Myanmar) Myawaddy Bank 11. Others include AGD Bank, AYA Bank and United Amara Bank. AYA Bank 4. KBZ Bank is guided by a belief and a culture that runs throughout the entire organization: being good to people and doing the right thing. MMK. Our currency rankings show that the most popular Myanmar (Burma) Kyat exchange rate is the USD to MMK rate.The currency code for Kyats is MMK, and the currency symbol is K. Below, you'll find Burmese Kyat rates and a currency converter. Convert To Result Explain 1 USD: MMK: 1,334.54 MMK: 1 US Dollar = 1,334.54 Myanmar Kyats as of 1/18/2021 The US dollar, however, is used as an alternative currency, particularly for larger purchases: foreigners are sometimes expected to pay in dollars for hotels, high-end restaurants and flights (international credit cards can also be used for many of these purchases – for more information go to the bottom of this page). The kyat (pronounced ‘chat’) is the official currency of Myanmar, abbreviated as ‘K‘ or 'MMK' and usually placed before the numerical value (i.e. AYA Bank 4. We can book flights, buses, trains and more. MAB Bank 7. Swift Code KBZBMMMY is the unique bank identifier for KANBAWZA BANK LTD's head office branch located in YANGON - MYANMAR … Burma (Myanmar) currency (MMK). Myanmar Kyat exchange rates and currency conversion. Singapore Dollar(SGD) To Myanmar Kyat(MMK) Exchange Rate History This page shows the historical data for Singapore Dollar(SGD) To Myanmar Kyat(MMK) From Tuesday 29/12/2020 To Wednesday 20/01/2021. A Bank 9. Currencies are represented by their international 3-letter codes.The exchange rates are updated daily and stored in JSON format, for maximum portability, usability and fun: KBZ Bank 3. Euros are generally accepted as an exchange currency and do not have to be in pristine condition. MAB Bank 7. Floating. Like other markets, currency exchange rate in Myanmar is also influenced by many factors. Currency. Myanmar Oriental Bank Limited was incorporated as a private limited bank under the Financial Institutions of Myanmar Law and started its operations in 1993. The code for the Myanmar Kyat is MMK; The symbol for the Myanmar Kyat is K; The Dollar is divided into 100 cents; The Kyat is divided into 100 pyas; For 2021, one American Dollar has equalled. Check the KBZBMMMYXXX SWIFT / BIC code details … “MAB Color Run” festival – Joyously held in Mandalay Region on 16th February. AYA Bank was licensed by the Central Bank of Myanmar on 2 July 2010 and relicensed under the Financial Institutions Law 2016 as a full service universal bank. Among the domestic flights halted because of the pandemic, the AIR KBZ will resume its flights three days a week to Kyaukpyu Township in Rakhine State, according to the AIR KBZ airline in Kyaukpyu Township. Outside of Yangon, they have branches and ATMs in all major cities, airports and tourist spots. Myanmar Kyat exchange rates and currency conversion. Download. Foreign Exchange Rate. The bank has grown rapidly over the past seven years to become the second largest in the country, with [234] branches, [1.4m customer], Kyat [4.7] trillion customer deposits and [150 billion] Shareholders’ Equity as at the … The use of ATMs in Myanmar is sometimes restricted by internet failure. Simple Myanmar Exchange Rate Application - KBZ Bank, Aya Bank, CB Bank, Central Bank of Myanmar - Myanmar Kyat - Australian Dollar - Bangladesh Taka - Brunei Dollar - Brazilian Real - Canadian Dollar - Swiss Franc - Chinese Yuan - Czech Koruna - Danish Krone - Egyptian Pound - Euro - Pound Sterling - Hong Kong Dollar - Indonesian Rupiah - Israeli Shekel - … 82 were here. 8%. Rate. Powered by Myanmar Soft-Gate Technology Co., Ltd Money changers on the street should be avoided, as they are likely to scam you. UAB Bank 8. MYANMA APEX BANK OPENS 99TH BANK BRANCH AT MANDALAY. Blemishes of any kind – creases, marks, folds and so on – may result in getting a far worse rate of exchange or the money may not be accepted at all. Foreign Exchange Rate. Also it is the highest rate for this term period 8.00 Updated Aug, 2019. on KBZ Bank's secure website. Kyat come in notes (no coins) of value K50, K100, K200, K500, K1000, K5000 and K10,000.The US dollar, however, is used as an alternative currency, particularly for larger purchases: foreigners are sometimes expected to pay in dollars for hotels, high-end restaurants and flights (international credit cards can also be use… You can also subscribe to our currency newsletters with daily rates and analysis, … Simple Myanmar Exchange Rate Application - KBZ Bank, Aya Bank, CB Bank, Central Bank of Myanmar - Myanmar Kyat - Australian Dollar - Bangladesh Taka - Brunei Dollar - Brazilian Real - … KANBAWZA BANK LTD, YANGON - SWIFT Code Information; SWIFT Code / BIC: KBZB MM MY Copy Send via Email: Money Transfer: Save on international fees by using TransferWise, which is 5x cheaper than banks. MYANMA APEX BANK OPENS 102TH BANK BRANCH. MYANMA APEX BANK OPENS 102TH BANK BRANCH; MYANMA APEX BANK OPENS 101TH BANK BRANCH; MYANMA APEX BANK OPENS 100TH BANK BRANCH; MYANMA APEX BANK OPENS 99TH BANK BRANCH AT MANDALAY “MAB Color Run” festival – Joyously held in Mandalay Region on 16th February; Foreign Exchange… KBZ offers you foreign exchange services at competitive rates for a wide range of foreign currencies to meet your international trading needs and funding requirements. KBZ Bank 1 Month Fixed Deposit - Deposits Q: Can foreigner open saving and fixed deposit account at KBZ bank? As local currency is readily available at ATMs, how many USD you choose to take with you will depend on the type of trip you are planning and what your own USD reserves are – typically, it is not necessary to take more than a few hundred dollars as back up. It is therefore advisable to carry US dollars in a safe, flat folder – not in a wallet. YOMA Bank 5. The Burmese Kyat is the currency of Myanmar (Burma). Also it is the highest rate for this term period 8.00 Updated Aug, 2019. on KBZ Bank's secure website. If payment is made in kyat for these transactions, it may sometimes be at a worse rate; when paying in dollars, change will often be given in kyat. ll 【$1 = Ks1330.4951】 US dollar to Myanmar kyat rate today. (46), Union Financial Center (Tower A & B), Corner of Mahar Bandoola Road & Thein Phyu Road, Botahtaung Township, Yangon, 11161 Myanmar. : Receive Money: Get paid at the real exchange rate by using TransferWise. Central Bank 2. Convert To Result Explain 1 USD: MMK: 1,334.54 MMK: 1 US Dollar = 1,334.54 Myanmar Kyats as of 1/18/2021 Shwe Bank © Copyright 2021 Flyma PTE. : Start Date: End Date: End Date: End Date: Go MANDALAY Region on 16th February to... = Ks1330.4951】 US dollar to Myanmar Kyat ( MMK ) exchange rate in Myanmar period can. Airport, all major shopping centres and markets, as they are likely to scam you 20 January 2021,... 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