Historic Bermudian dollar Malawian kwacha

Bermudian dollar malawian kwacha history for August 2023. The highest quote for this month is 1087.59 (25/08/2023) and the lowest 1082.21 (14/08/2023). The difference between high and low is 0.49.

BMD MWK average rate for August 2023 is 1066.2636, the change between 01/08/2023 and 31/08/2023 is -3.85 %.

01 August 20231 BMD = 1036.00 MWK
02 August 20231 BMD = 1035.00 MWK
03 August 20231 BMD = 1048.36 MWK
04 August 20231 BMD = 1035.00 MWK
07 August 20231 BMD = 1040.13 MWK
08 August 20231 BMD = 1080.33 MWK
09 August 20231 BMD = 1080.61 MWK
10 August 20231 BMD = 1081.11 MWK
11 August 20231 BMD = 1081.19 MWK
12 August 20231 BMD = 1067.00 MWK
14 August 20231 BMD = 1085.72 MWK
15 August 20231 BMD = 1063.00 MWK
16 August 20231 BMD = 1067.00 MWK
17 August 20231 BMD = 1068.00 MWK
18 August 20231 BMD = 1063.00 MWK
20 August 20231 BMD = 1073.85 MWK
21 August 20231 BMD = 1078.09 MWK
22 August 20231 BMD = 1063.00 MWK
23 August 20231 BMD = 1068.00 MWK
24 August 20231 BMD = 1068.00 MWK
25 August 20231 BMD = 1062.00 MWK
28 August 20231 BMD = 1073.96 MWK
29 August 20231 BMD = 1081.73 MWK
30 August 20231 BMD = 1080.66 MWK
31 August 20231 BMD = 1075.85 MWK

13/05/2020: Introduction of New Thousand Kwacha Banknotes

Malawi introduced new banknotes with higher denominations to address issues of inflation and to streamline transactions in a cash-based economy.

01/01/2019: Switch to the Bermuda dollar symbol

Bermuda officially adopted a new currency symbol for the Bermudian dollar, replacing the British pound sign used previously.

01/05/2016: Currency Floatation

The Malawian government allowed the kwacha to float freely against other currencies, leading to a significant depreciation of the currency.

16/03/2015: Redesign of banknotes

The Bermuda Monetary Authority unveiled a redesigned series of banknotes featuring enhanced security features and updated designs.

07/08/2012: Introduction of New Kwacha Coins

Malawi introduced new coins to replace smaller denominations of the kwacha banknotes, facilitating transactions and reducing the cost of producing money.

01/05/2012: Introduction of polymer banknotes

Bermuda introduced polymer banknotes to replace paper currency for better durability and security.

10/04/2000: Introduction of New Kwacha Banknotes

Malawi introduced new banknotes with enhanced security features to combat counterfeiting and to modernize the currency.

01/01/1997: Incorporation into Federal Reserve System

The US Federal Reserve System incorporated the Bermuda Monetary Authority into its banking system.

14/06/1994: Malawi's First Multiparty Democratic Elections

Malawi held its first multiparty democratic elections, leading to a political and economic transition which affected the value of the kwacha.

06/01/1982: New notes and coins

Bermuda issued new notes and coins, featuring iconic local sights, to commemorate its 375th anniversary.

01/09/1979: First Devaluation of the Kwacha

The Malawian government devalued the kwacha by 30% in response to economic challenges and to promote exports.

25/02/1972: Introduction of decimal coins

Bermuda introduced a decimal currency system, replacing the old pounds, shillings, and pence.

06/07/1971: Introduction of the Malawian Kwacha

The Malawian Kwacha (MWK) was introduced as the official currency of Malawi, replacing the Malawian pound at a rate of 2 kwacha = 1 pound.

06/07/1970: Currency Board Agreement

Bermuda established a Currency Board System, pegging the Bermudian dollar at par with the US dollar.
BMD MWK July 2023
BMD MWK August 2023
BMD MWK September 2023
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