Compare US Dollar to Myanmar Burma Kyat For Sending Money to Myanmar from USA

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Mid Market Rate

The mid-market rate is the midpoint between the buy and sell prices of two currencies.
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More Available Options

You can check rates of some more providers that may support your country
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.

About USD and MMK

Myanmar is a small country located in the South-Eastern part of Asia. It is a trading center and home to some of the most bustling markets in Asia. Despite this, the available money transfer options in this country are less hence limiting the amount of money transferred to the subject country.

However, there is still a need for money transfer from the United States to Myanmar for different reasons. It is therefore important to ensure that you know the latest transfer options available, their rates, fees, and duration. This will help you make an informed judgement on which mode of money transfer to use. All this information is available here at Exchange Rate IQ.

Best way to send money from US to Myanmar

Most banks and money transfer agencies have not integrated the transfer of money to Myanmar from US even after the US government eased its economic sanctions. Other alternatives can enable you to transfer money from the US to Myanmar. They include:

Online Money Transfer Companies

Such include XE Money Transfers and Ria that offer quick transfers through your phone or computer provided you are connected to the internet and the money you need sent is available.

Travelex: Travelex has been offering their services by enabling easy money transfer from the US to Myanmar. It guarantees a duration of 10 minutes or less for the money to reach its pick-up point.

Western Union: Western has its agents located worldwide. Myanmar is not an exception. It operates an extensive branch of its network throughout Myanmar, thus a reliable way of transferring money from the US to Myanmar.

4 things to consider before sending money from the US to Myanmar

There are some things that you need to consider before choosing a transfer option while sending your money from US to Myanmar. Some of them are:

  1. Processing time: You should consider the amount of time it takes for your recipient to receive money in Myanmar from the moment you send it. This is based on your level of urgency and also the hours of operations at each pick-up location. 

  2. Minimum/maximum limit: Most money transfer institutions have a minimum and maximum transfer limits. You need this information with regards to how much you need to transfer.

  3. Exchange Rates: The money transfer company that offers the exchange rate close to the baseline rate published by the mid-market is the best option to go for. Here at Exchange Rate IQ, we have researched on the rates for changing US dollars into Myanmar Kyats that will save you some extra fees when making your transfer.

  4. Customer Service: As always advised, you need to find a company that gives you support and follows up with transfer via phone, mail, and chats or any other reliable means of communication.

FAQ's

Is it safe to transfer money from the US to Myanmar?

It is safe to transfer money from the US to Myanmar. This is backed by the fact that XE Money Transfers, Western Union and Travelex are some of the most trusted companies that initiate and see through that your money not only reaches its destination safely, but also on time.

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What should I consider when picking my money from their pick up location?

Yes, some people are frauds out there. Some of the tips that you may use to ensure that your transfer is seamless and safe include:

  • Pick up the cash with someone, do not go alone.
  • Do not walk in crime-prone areas.
  • Make sure you deposit your cash as soon as possible to avoid walking around with money for long.
  • If you feel unsafe, go to the nearest police post and have them escort you to the bank.
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Historical Mid Market Exchange Rate From US Dollar (USD) to Myanmar Burma Kyat (MMK) (Weekly)

Current Exchange Rate(Mid Market) :- 1287.14 MMK/USD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion USD To MMK

Send US Dollar To MYANMAR Receive Myanmar Burma Kyat
1 USD TO MMK 1287.14
50 USD TO MMK 64357
100 USD TO MMK 128714
250 USD TO MMK 321785
500 USD TO MMK 643570
1000 USD TO MMK 1287140
5000 USD TO MMK 6435700
10000 USD TO MMK 12871400
Send Myanmar Burma Kyat Receive US Dollar From MYANMAR
1 MMK FROM USD --
50 MMK FROM USD --
100 MMK FROM USD --
250 MMK FROM USD --
500 MMK FROM USD --
1000 MMK FROM USD --
5000 MMK FROM USD --
10000 MMK FROM USD --

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