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). Foreign Exchange Rate. MMK. Exchange Rate : 21.1.2021 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. AYA Bank 4. average: K … Discover our personal, corporate, mobile and e-banking services. 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. Directory of best currency transfer providers, compare to exchange rates when sending money from Burma (Myanmar) 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. 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). 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). Currency converter The converter shows the conversion of 1 US dollar to Myanmar … 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. 21st October 2013, 11:30 AM. Floating. 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. The official Facebook account of KBZ BANK (Kanbawza Bank). It lists the mutual conversions between the Australian dollar and other top currencies, and also lists the exchange rates … Download. Yangon locations include Yangon airport, all major shopping centres and markets, as well as many smaller branches dotted around town. Directory of best currency transfer providers, compare to exchange rates when sending money from Burma (Myanmar) Kyat come in notes (no coins) of value K50, K100, K200, K500, K1000, K5000 and K10,000. Free online currency conversion based on exchange rates. 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. (46), Union Financial Center (Tower A & B), Corner of Mahar Bandoola Road & Thein Phyu Road, Botahtaung Township, Yangon, 11161 Myanmar. With the history chart of this currency pairs you can review market history and analyze rate trends. Recent Activities. Fund Transfer To facilitate fast and secured transfer of funds, KBZ … 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. 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). 911 were here. The kyat (pronounced ‘chat’) is the official currency of Myanmar, abbreviated as ‘K‘ or 'MMK' and usually placed before the numerical value (i.e. 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. ATMs are also more difficult to find in these areas (see more information below on ATMs). You can also subscribe to our currency newsletters with daily rates and analysis, … Floating. KBZ Bank Overview. 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 … Media … Compare money transfer services, compare exchange rates and commissions for sending money from United States to Burma (Myanmar). 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. Others include AGD Bank, AYA Bank and United Amara 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. Outside of Yangon, they have branches and ATMs in all major cities, airports and tourist spots. The parent company is one of the well-known companies that operate the largest private bank in Myanmar. The kyat (pronounced ‘chat’) is the official currency of Myanmar, abbreviated as ‘K‘ or 'MMK' and usually placed before the numerical value (i.e. It is therefore advisable to carry US dollars in a safe, flat folder – not in a wallet. Air KBZ or other wise known as Air Kanbawza (K7/KBZ), is a privately owned Burmese Airline. K500). You can also subscribe to our currency newsletters with daily rates … Rate. MYANMA APEX BANK OPENS 101TH BANK BRANCH. Convert To Result Explain 1 USD: MMK: 1,334.54 MMK: 1 US Dollar = 1,334.54 Myanmar Kyats as of 1/18/2021 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. How much percentage of interest rate given for foreigner? Like other markets, currency exchange rate in Myanmar is also influenced by many factors. That is why we are driven by our three values – Metta, Thet Ti, Virya – … 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. Smaller purchases, such as taxi rides, buses and cheaper to mid-range meals are quoted and are almost always paid for in kyat. The rate of 8% is 0% higher than the average 8%. Currency. 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