Jaka
Myanmar’s foreign exchange market has undergone significant liberalization, culminating in the adoption of a flexible exchange rate regime in April 2012. This has led to the emergence of a vibrant market with a number of currency exchange service providers. Here are the top five currency exchange services in Myanmar.
- KBZ Bank
KBZ Bank is the largest currency exchange service provider in Myanmar, with a market share of over 30%. It offers a wide range of foreign exchange services, including spot and forward contracts, as well as currency notes and coins.
- Myanmar Oriental Bank
Myanmar Oriental Bank is the second largest currency exchange service provider in Myanmar, with a market share of around 20%. It offers a similar range of services as KBZ Bank, and is also authorized to conduct currency exchange with other banks and financial institutions.
- Asia Green Development Bank
Asia Green Development Bank is the third largest currency exchange service provider in Myanmar, with a market share of around 15%. It offers a wide range of foreign exchange services, as well as other financial products and services.
- United Amara Bank
United Amara Bank is the fourth largest currency exchange service provider in Myanmar, with a market share of around 10%. It offers a range of foreign exchange services, including spot and forward contracts, as well as currency notes and coins.
- Shwe Bank
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