Ghana Cedi malawian kwacha exchange rate history (GHS MWK) October 2023

Ghana Cedi malawian kwacha history for October 2023. The highest quote for this month is 100.52 (03/10/2023) and the lowest 98.901 (06/10/2023). The difference between high and low is 1.61.

GHS MWK average rate for October 2023 is 96.474, the change between 01/10/2023 and 31/10/2023 is -2.08 %.

01 October 2023	1 GHS = 93.17 MWK
02 October 2023	1 GHS = 93.10 MWK
03 October 2023	1 GHS = 92.14 MWK
04 October 2023	1 GHS = 93.40 MWK
05 October 2023	1 GHS = 97.68 MWK
06 October 2023	1 GHS = 98.92 MWK
07 October 2023	1 GHS = 99.12 MWK
09 October 2023	1 GHS = 98.51 MWK
10 October 2023	1 GHS = 98.39 MWK
11 October 2023	1 GHS = 97.19 MWK
12 October 2023	1 GHS = 96.76 MWK
13 October 2023	1 GHS = 97.10 MWK
16 October 2023	1 GHS = 98.51 MWK
17 October 2023	1 GHS = 96.85 MWK
18 October 2023	1 GHS = 97.44 MWK
19 October 2023	1 GHS = 97.92 MWK
20 October 2023	1 GHS = 96.77 MWK
21 October 2023	1 GHS = 97.39 MWK
22 October 2023	1 GHS = 97.39 MWK
23 October 2023	1 GHS = 98.09 MWK
24 October 2023	1 GHS = 96.61 MWK
25 October 2023	1 GHS = 95.59 MWK
26 October 2023	1 GHS = 94.92 MWK
27 October 2023	1 GHS = 94.92 MWK
29 October 2023	1 GHS = 95.97 MWK
30 October 2023	1 GHS = 95.86 MWK
31 October 2023	1 GHS = 95.11 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.

16/09/2019: Ghana Goes Cashless

The government launched the Ghana.Gov payment platform, aimed at promoting electronic payments and reducing cash transactions.

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.

05/07/2012: GHS Symbol Change

The Bank of Ghana introduced a new currency symbol for the cedi, changing it from GHȼ to GHS.

03/07/2007: Decimals Dropped

The Bank of Ghana dropped four decimal places, making 1 new Ghanaian cedi = 1 GHȼ.

01/07/2002: Replacement of New Cedi

The new Ghanaian cedi, denoted as GHC, replaced the second cedi at a rate of 1 cedi = 10,000 cedis.

10/04/2000: Introduction of New Kwacha Banknotes

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

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.

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.

17/07/1978: Second Cedi Introduced

Due to high inflation, the second Ghanaian cedi was introduced with a new currency code, GHS.

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.

19/07/1965: Cedi Introduced

The Ghanaian pound was replaced by the Ghanaian cedi at a rate of 1 pound = 2.4 cedis, symbolizing economic independence.

06/03/1957: Ghana's Independence

Ghana gained independence from British colonial rule, leading to the introduction of the Ghanaian pound as its currency.

Historic Ghana Cedi Malawian kwacha