Today, 1.00 (one) Kyat is worth 0.02 Baht, ie, K1.00 = ฿0.02. That's because the current exchange rate, to THB, is 0.02. So, to make Kyat to Baht conversion, you just need to multiply the amount in MMK by 0.02.
Learn how to get the best Kyat exchange rate before exchanging your money
The Kyat is the official Kyat currency. MMK/THB represents the value of Kyat money in Baht money and it is called the 'exchange rate' or 'forex rate'. This exchange rate from Kyat to Baht is today at 0.018.
As an example, suppose you are from Bangkok Thailand and you travel to Rangoon (Yangon) Myanmar (Burma). There, you need to get 1000 Kyats ( K) at a Rangoon (Yangon) bank to pay your hotel. In this case you would pay 0.018 * 1000 = 17.548 Bahts (฿). But, in practice, you will pay more (or perhaps much more) to get the same amount of your foreign currency due to the margin for the money conversion services costs like: commissions, credit card surcharges, ATM fees and other expenses. If, for example, you are using a credit card, this margin will typically be around 2 to 3 percent. We recommend that you choose the best place to make your money exchange because there can be a large difference between forex rates you will get.
In the example above for a 1000 Kyats amount, the result of the money conversion is 17.899 THB for a 2% margin or 18.074 THB for a 3% margin.
Some Internet based foreign currency exchange agencies add 10 percent or even more. So, if you make the same calculations above, there will be a difference of about 1.755 THB depending on which forex bank or agency you choose to exchange your money. So, that's why we advise you to seek the best place to get the best fx rates for your upcoming money transfer/exchange. The only way to know what is the best exchange rate is to know what the current rate is. You can easily accomplish this by using periodically our currency converter above to get an idea of what forex rate to expect.
Note: If you use our currency converter, you only need to choose the amount of margin in its drop-down list and have an estimate of how much you will pay to get the desired amount.
By the way: there are some notations for this currency pair like MMK-THB or MMKTHB among others. The currency symbol for Kyat is (K) while the currency symbol for Baht is (฿). Note also that the Myanmar (Burma) country code is MMR or MM. The Thailand country code is THA or TH
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