Afghani (AFN) To Kyat (MMK) Lowest Exchange Rate

| November 13, 2018

This report analyzes the lowest exchange rate of Afghani (AFN) - Kyat (MMK). The sections include the comparison to other similar currency pairs and losses during the lowest rate date. Additionally, you will find a section that analyzes how low other stronger currencies against AFN have gone.

The time range of analysis of this report is between 2014-12-01 and 2018-10-01. We will update this report regularly once in about 2 to 3 months.

ADVERTISEMENT

Below is a table of contents to help you navigate through the report.

  1. AFN/MMK Lowest Exchange Rate
  2. 1-Week, 1-Month and 1-Year Losses During AFN/MMK Lowest Rate
  3. Loss At Lowest Rate If You Had Bought Afghani (AFN) At Previous Highest Rate
  4. AFN/MMK Lowest Rate Compared To 3 Of The Strongest Currencies
  5. AFN/MMK Lowest Rate Compared To 3 Similar Currencies To Kyat (MMK)
  6. AFN to MMK - Top 20 Monthly & Weekly Lowest Average Rates

Recommended Reading: AFN/MMK highest rate report will help you look at the best performance of the currency pair in detail (for the same timeframe of analysis as this report).

1 AFN/MMK Lowest Exchange Rate

The lowest rate for AFN/MMK pair was 16.837299. The corresponding date was 2016-05-09. We will not just stop with mentioning the rate. Rather we will be using a common sense approach to assess the magnitude of the rate drop. The method is explained in the next paragraph.

We will begin by finding the year of occurrence of the lowest exchange rate. For that year, we will be computing the annual and monthly average rates. We will then compare both the averages against the lowest rate.

Below table lists the computed average rates as well as the difference between the lowest rate and the averages.

Duration Average Rate Lowest Rate Vs Averages
Year (2016)18.111492-7.04 %
Month (05-2016)16.970011-0.78 %

Below is a visual representation of the table you just saw. The below graph compares the average rates against the lowest rate of Afghani (AFN) - Kyat (MMK).

Afghani (AFN) - Kyat (MMK) Lowest Rate

Below table shows daily rates on lowest month:

DateCloseOne-day Gain (%)Rate-Change From Past Day
1st May 201616.98570.000000 (0.00 %)
2nd May 201616.9244-0.061300 (-0.36 %)-0.0613 (-0.36 %)
3rd May 201616.92440.000000 (0.00 %)0 (0 %)
4th May 201617.02650.102100 (0.60 %)0.1021 (0.6 %)
5th May 201616.9449-0.081600 (-0.48 %)-0.0816 (-0.48 %)
6th May 201616.9012-0.043701 (-0.26 %)-0.0437 (-0.26 %)
8th May 201616.90120.000000 (0.00 %)0 (0 %)
9th May 201616.8373-0.063900 (-0.38 %)-0.0639 (-0.38 %)
10th May 201616.86350.026201 (0.16 %)0.0262 (0.16 %)
11th May 201616.89550.032000 (0.19 %)0.032 (0.19 %)
12th May 201616.93910.043600 (0.26 %)0.0436 (0.26 %)
13th May 201616.8664-0.072701 (-0.43 %)-0.0727 (-0.43 %)
15th May 201616.86640.000000 (0.00 %)0 (0 %)
16th May 201616.86640.000000 (0.00 %)0 (0 %)
17th May 201616.9710.104601 (0.62 %)0.1046 (0.62 %)
18th May 201617.00010.029099 (0.17 %)0.0291 (0.17 %)
19th May 201616.9827-0.017399 (-0.10 %)-0.0174 (-0.1 %)
20th May 201616.9767-0.006001 (-0.04 %)-0.006 (-0.04 %)
22nd May 201616.97670.000000 (0.00 %)0 (0 %)
23rd May 201616.965-0.011700 (-0.07 %)-0.0117 (-0.07 %)
24th May 201616.9940.028999 (0.17 %)0.029 (0.17 %)
25th May 201617.03120.037201 (0.22 %)0.0372 (0.22 %)
26th May 201617.13250.101299 (0.59 %)0.1013 (0.59 %)
27th May 201617.0746-0.057899 (-0.34 %)-0.0579 (-0.34 %)
28th May 201617.07460.000000 (0.00 %)0 (0 %)
29th May 201617.07460.000000 (0.00 %)0 (0 %)
30th May 201617.07460.000000 (0.00 %)0 (0 %)
31st May 201617.08910.014500 (0.08 %)0.0145 (0.08 %)

2 1-Week, 1-Month and 1-Year Losses During AFN/MMK Lowest Rate

Someone who invested in Kyat (MMK) using Afghani (AFN) before the lowest rate day is bound to lose if he sold on that day. This section compares the losses one could have made by investing 1 week, 1 month and 1 year before the lowest exchange rate day.

Note: In case you see NA (Not Applicable) values in the below table that denotes a lack of data for the corresponding time range. For example, assume that the lowest rate was during the first week of the range of data used for this report. Then we will not be able to compute the value for someone who invested 1 year before.

Below table and graph represent the losses by investing in AFN/MMK pair (subject to data availability) for 1 week, 1 month and 1 year before 2016-05-09.

Days Before Lowest CloseClose (Rate)Losses(%)
1 Week 2016-05-0216.9244-0.51 %
1 Month 2016-04-0817.0292-1.13 %
1 Year 2015-05-0818.6059-9.51 %
Afghani (AFN)-Kyat (MMK) Stock Losses - Week, Month, Year

Subject to data availability, below table summarizes the impact on a 1000 MMK invested in AFN 1 week, 1 month and 1 year before the lowest close rate date.

Days Before Lowest RateLosses(%)What happens to 1000 MMK invested?
1 Week -0.51 %994.9
1 Month-1.13 %988.7
1 Year-9.51 %904.9

3 Loss At Lowest Rate If You Had Bought AFN At Previous Highest Rate

Buying at high and selling when low is worst case scenario for any Forex investor. This section helps you assess the potential damage for an investor who invested in AFN/MMK during the highest rate day that occurred before the lowest rate day of 2016-05-09.

Previous Highest Rate DateClose (Rate)Lowest Close RateLosses(%)
2015-07-2120.5316.837299-17.99 %

Above table has shown the losses in percentage. Now let us check the impact on a 1000 MMK invested. As per the loss percentage shown in the above table, the 1000 MMK would have become 820.1.

4 AFN/MMK Lowest Rate Compared To 3 Of The Strongest Currencies

Now let us compare the lowest rate of AFN/MMK pair with three others formed by 3 of the strongest currencies against AFN. In other words, we will be analyzing 3 pairs with the selected strong currencies as quote currencies (denoted after the slash symbol.)

To pick the strongest currencies we follow a simple method. We just check those pairs with Afghani (AFN) as base currency (before slash symbol) which have exchange rates among the lowest for the recent 12 month period ending 2018-10-01. The corresponding quote currencies are among the strongest ones.

AFN-MMK Lowest Rate Vs Strong Currencies

Now we are going to analyze the potential impact of the lowest rate on investments. There is no straightforward way to do it. However, we are going to do a simple analysis that will give you an idea of the potential losses. We are going to measure and compare the differences between the lowest rates and the average rates for the recent 12 month period between 2017-10-01 and 2018-10-01.

Recommended Reading: Have a look at the similar section in the AFN/MMK highest rate report to learn more in detail about this method.

CurrencyPairLowest RateAvg RateLowest Vs Avg. Rates (%)Difference (%)
KyatAFN/MMK18.64130019.583772-4.81-
Unidad de FomentoAFN/CLF0.0003150.000332-5.12-0.31
Kuwaiti DinarAFN/KWD0.0039960.004287-6.79-1.98
Bahraini DinarAFN/BHD0.0049740.005354-7.1-2.29

5 AFN/MMK Lowest Rate Compared To 3 Similar Currencies To AFN

In this section we are going to compare the performance ofAFN/MMK against similar rate pairs but with AFN as the base currency. In other words, the currency invested in will be the same in all the pairs under consideration. The range of observation is between 2014-12-01 and 2018-10-01

Below chart displays the lowest rates of MMK as well as 3 other similar currencies against AFN.

AFN to MMK Lowest Rate Alossest Similar Currencies

Below table lists the lowest rates of the currency pairs and a simple comparison. The final column shows the percentage difference between the lowest rates.

Note: A negative difference (last column value) for a currency pair indicates that the pair had lesser magnitude lowest rate than AFN/AFN.

CurrencyPairLowest RateDifference (%)
KyatAFN/MMK16.837299-
Congolese FrancAFN/CDF12.882500-23.49
Iraqi DinarAFN/IQD15.587800-7.42
WonAFN/KRW14.611900-13.22

6 AFN to MMK - Top 20 Monthly & Weekly Lowest Average Rates

This sections displays the monthly and weekly average lowest rates for the currency pair - AFN/MMK.

Top 20 Month-wise Lowest Avg. Rates:

Month-YearAvg. Rate Highest Rate (& Rate-Change From Avg.)Lowest Rate (& Rate-Change From Avg.)
April-201617.12018717.523199 (0.403012)16.883600 (-0.236587)
June-201617.05441917.172400 (0.117981)16.933001 (-0.121418)
July-201617.05698617.214100 (0.157114)16.901300 (-0.155686)
May-201616.97001117.132500 (0.162489)16.837299 (-0.132712)
March-201617.64140417.896500 (0.255096)17.511101 (-0.130303)
December-201417.71027917.912201 (0.201922)17.476299 (-0.23398)
March-201517.88569618.039400 (0.153704)17.774401 (-0.111295)
February-201617.93094218.716299 (0.785357)17.613400 (-0.317542)
January-201517.75686217.896500 (0.139638)17.660200 (-0.096662)
February-201517.88335718.036200 (0.152843)17.657499 (-0.225858)
August-201617.60644418.035400 (0.428956)17.089100 (-0.517344)
May-201518.63124118.835501 (0.20426)18.468000 (-0.163241)
June-201518.92539619.150600 (0.225204)18.625999 (-0.299397)
April-201518.29752118.822399 (0.524878)17.643499 (-0.654022)
May-201818.79088518.940001 (0.149116)18.641300 (-0.149585)
January-201618.79085418.927999 (0.137145)18.659901 (-0.130953)
April-201818.88659619.138700 (0.252104)18.743000 (-0.143596)
December-201519.45290019.733700 (0.2808)18.927999 (-0.524901)
January-201819.26160719.488100 (0.226493)19.056801 (-0.204806)
March-201819.28747119.453400 (0.165929)19.137600 (-0.149871)

Top 20 Weekly Lowest Avg. Rates:

Week-YearAvg. RateHighest Rate (& Rate-Change From Avg.)Lowest Rate (& Rate-Change From Avg.)
Week 19-201616.88383316.939100 (0.055267)16.837299 (-0.046534)
Week 18-201616.95118417.026501 (0.075317)16.901199 (-0.049985)
Week 16-201617.04458017.099501 (0.054921)16.912800 (-0.13178)
Week 24-201616.99676717.083401 (0.086634)16.933001 (-0.063766)
Week 27-201616.96571417.046900 (0.081186)16.901300 (-0.064414)
Week 20-201616.94388317.000099 (0.056216)16.866400 (-0.077483)
Week 17-201616.96292017.046900 (0.08398)16.883600 (-0.07932)
Week 23-201617.09423317.157301 (0.063068)17.023399 (-0.070834)
Week 14-201617.29511617.523199 (0.228083)17.029200 (-0.265916)
Week 28-201617.04777117.087299 (0.039528)16.973900 (-0.073871)
Week 26-201617.09561717.172400 (0.076783)17.046900 (-0.048717)
Week 25-201617.01816717.070700 (0.052533)16.933001 (-0.085166)
Week 21-201617.03551417.132500 (0.096986)16.965000 (-0.070514)
Week 30-201617.10701717.169201 (0.062184)17.039200 (-0.067817)
Week 15-201617.07215017.111200 (0.03905)17.029200 (-0.04295)
Week 22-201617.07856717.111401 (0.032834)17.022100 (-0.056467)
Week 29-201617.12205017.214100 (0.09205)17.046499 (-0.075551)
Week 32-201617.47628317.954599 (0.478316)17.307699 (-0.168584)
Week 13-201617.53040017.571400 (0.041)17.511101 (-0.019299)
Week 12-201617.58675017.612600 (0.02585)17.571400 (-0.01535)

Conclusion:

Hopefully, the report will help you in your forex investing

Recommended Reading: Learning the best and worst performances is just a part of the analysis. For a big picture, we strongly recommend you to go through the chart history of AFN-MMK. We have applied a simple technique to smooth out the volatility in the graphs so that you can understand the entire analysis better.

Disclaimer:

We have validated the data to the best of our knowledge. If you find data inaccuracies kindly let us know using the contact form so that we can act promptly.

Lowest Rate History Reports of Similar Currency Pairs:

Currency CodesCurrency Names
AFN-CDFAfghani Vs Congolese Franc
AFN-LBPAfghani Vs Lebanese Pound
AFN-IQDAfghani Vs Iraqi Dinar
AFN-KRWAfghani Vs Won
AFN-KPWAfghani Vs North Korean Won
More Currencies>>