Announcement for Foreign Currency Exchange Rate

KBZ Bank is committed to providing foreign exchange services in accordance with the laws, procedures and regulations mandated by the Central Bank of Myanmar. 

We continuously update our Exporter and Importer business rates based on the Online Trading Weighted Average Rate provided by the Central Bank of Myanmar’s Online Trading Platform. The rate as of 29th May 2024 is displayed below.

CurrencyBuySell
USD33263331
CNY475476
THB97.898.2

Worker Remittance services are also conducted in accordance with the Worker Remittance Rate, which is 3,530 MMK per 1 USD as of 29th May 2024.

Additionally, KBZ Bank is continuously providing Foreign Currency (Petty Cash) up to 500 USD or its equivalent in foreign currency to meet the needs of individuals traveling abroad for the following purposes:

  1. Offshore employment
  2. Education
  3. Medical treatment
  4. Pilgrimage
  5. Meeting attendees invited by foreign governments or organizations

The buying and selling prices of  Foreign Currency (Petty Cash) are also determined based on the Online Trading Weighted Average Rate. The rate as of 29th May 2024, is displayed below.

CurrencyBuySell
USD33263331
EUR36073617
SGD24602470
CNY474.57477.43
THB97.7198.29

The Online Trading Weighted Average Rate is available on the Central Bank of Myanmar’s Website. For the Worker Remittance Rate and Foreign Currency (Petty Cash) rates, please visit the KBZ Bank Website , where

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