Pound sterling malawian kwacha exchange rate history (GBP MWK) December 2023

Pound sterling malawian kwacha history for December 2023. The highest quote for this month is 2141.8 (29/12/2023) and the lowest 2145.59 (29/12/2023). The difference between high and low is -0.18.

GBP MWK average rate for December 2023 is 2116.776, the change between 01/12/2023 and 31/12/2023 is +0.02 %.

01 December 2023	1 GBP = 2121.90 MWK
03 December 2023	1 GBP = 2119.36 MWK
04 December 2023	1 GBP = 2136.81 MWK
05 December 2023	1 GBP = 2108.63 MWK
06 December 2023	1 GBP = 2089.42 MWK
07 December 2023	1 GBP = 2112.19 MWK
08 December 2023	1 GBP = 2088.61 MWK
10 December 2023	1 GBP = 2091.53 MWK
11 December 2023	1 GBP = 2112.26 MWK
12 December 2023	1 GBP = 2092.85 MWK
13 December 2023	1 GBP = 2111.46 MWK
14 December 2023	1 GBP = 2106.76 MWK
15 December 2023	1 GBP = 2131.55 MWK
17 December 2023	1 GBP = 2113.24 MWK
18 December 2023	1 GBP = 2140.11 MWK
19 December 2023	1 GBP = 2124.91 MWK
20 December 2023	1 GBP = 2121.27 MWK
21 December 2023	1 GBP = 2128.03 MWK
22 December 2023	1 GBP = 2112.05 MWK
24 December 2023	1 GBP = 2116.49 MWK
25 December 2023	1 GBP = 2131.69 MWK
26 December 2023	1 GBP = 2136.38 MWK
27 December 2023	1 GBP = 2117.80 MWK
28 December 2023	1 GBP = 2132.62 MWK
29 December 2023	1 GBP = 2121.48 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.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

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.

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.

10/04/2000: Introduction of New Kwacha Banknotes

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

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

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.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

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.

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.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.

Historic Pound sterling Malawian kwacha