Is the GBP to MMK Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the British pound against the Myanma kyat is to review how the GBP/MMK rate has changed over time.
The table below shows the percentage change in the GBP to MMK exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date | GBP/MMK | Change | Period |
---|
07 Jul 2023 | 2696.34 | 0.1% ▲ | 2 Week |
22 Apr 2023 | 2609.97 | 3.5% ▲ | 3 Month |
21 Jul 2022 | 2220.01 | 21.6% ▲ | 1 Year |
22 Jul 2018 | 1891.80 | 42.7% ▲ | 5 Year |
23 Jul 2013 | 1503.15 | 79.6% ▲ | 10 Year |
26 Jul 2003 | 9.8146 | 27411.3% ▲ | 20 Year |
GBP/MMK historic rates & change to 21-Jul-2023
GBP to MMK Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Myanma kyat across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
*Converted at the current GBP-MMK interbank exchange rate.
Calculate actual payout amounts for
Send Money
and
Travel Money
exchange rates.
What is the
best Send Money conversion rate for GBP to MMK?
The best GBP to MMK exchange rate is 2803.23 from Wise.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
British pound (GBP) to Myanma kyat (MMK) rates from different sources before making a conversion.
The above
Sterling to Kyat comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest GBP-MMK mid-rate and the possible savings of using various providers.
How do GBP-MMK rates compare between providers?
Looking at the full
GBP to MMK - Send Money comparison table the provider with the best GBP to MMK exchange rate is Wise at 2803.23.
The next best is WorldRemit at -12.1495.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.