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At the time of writing this, the exchange rate was just about exactly 1,000 Myanmar Kyat to $1 (1,000 MMK = 1 USD).
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Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non monetary items measured at fair value are measured using the exchange rate when fair value was determined.
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Exchange rate list for CNB clients - HNB
The midpoint exchange rates for the euro against other currencies listed in the CNB exchange rate list aim to provide information on the exchange rate of the ...
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Exchange rate stability and expectation management under heterogeneous expectations
Downloadable (with restrictions)! This study develops a heterogeneous agent model comprising fundamentalists, chartists, carry traders, and stabilizers to determine the RMB exchange rate. The stabilizers act as agents of the central bank and relevant government agencies to manage expectations when the exchange rate appreciates or depreciates excessively. Using the unscented Kalman filter method, our study finds that the principal parameters of the heterogeneous agent model are statistically and economically significant, and the heterogeneous agent model can adequately characterize the main features of expectation management. Furthermore, the stabilizers can significantly reduce excess volatility and promote market exchange rates to their fundamental values. Additionally, the timing of the stabilizers' actions is consistent with that of the central bank's implementation of expectation management.
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