Forex brokers in Myanmar benefit from stable kyat

The Myanmar kyat has been stable between K1300 – 1325 per US dollar for the last three months. This has helped forex brokers make profits in the local currency market. The current price of the local currency has touched 2016 levels, and is at its strongest levels against the US dollar since 2018. A stable […]

Dollar exchange rate in Myanmar hits two-year low

The exchange rate in Myanmar has reached its lowest level this year, with the kyat now trading for less than K1280 per US dollar in the local market. On October 9, the Central Bank’s reference exchange rate was K1279.50 to the dollar. The dollar has been weakening against the Myanmar kyat due to a fall […]