Guyanese dollar malawian kwacha exchange rate history (GYD MWK) October 2023

Guyanese dollar malawian kwacha history for October 2023. The highest quote for this month is 5.8005 (03/10/2023) and the lowest 5.7861 (09/10/2023). The difference between high and low is 0.25.

GYD MWK average rate for October 2023 is 5.61327, the change between 01/10/2023 and 31/10/2023 is -9.12 %.

01 October 2023	1 GYD = 5.17 MWK
02 October 2023	1 GYD = 5.39 MWK
03 October 2023	1 GYD = 5.33 MWK
04 October 2023	1 GYD = 5.41 MWK
05 October 2023	1 GYD = 5.71 MWK
06 October 2023	1 GYD = 5.79 MWK
07 October 2023	1 GYD = 5.54 MWK
09 October 2023	1 GYD = 5.79 MWK
10 October 2023	1 GYD = 5.77 MWK
11 October 2023	1 GYD = 5.71 MWK
12 October 2023	1 GYD = 5.67 MWK
13 October 2023	1 GYD = 5.70 MWK
16 October 2023	1 GYD = 5.79 MWK
17 October 2023	1 GYD = 5.69 MWK
18 October 2023	1 GYD = 5.72 MWK
19 October 2023	1 GYD = 5.75 MWK
20 October 2023	1 GYD = 5.64 MWK
21 October 2023	1 GYD = 5.49 MWK
22 October 2023	1 GYD = 5.49 MWK
23 October 2023	1 GYD = 5.76 MWK
24 October 2023	1 GYD = 5.70 MWK
25 October 2023	1 GYD = 5.65 MWK
26 October 2023	1 GYD = 5.61 MWK
27 October 2023	1 GYD = 5.61 MWK
28 October 2023	1 GYD = 5.47 MWK
29 October 2023	1 GYD = 5.47 MWK
30 October 2023	1 GYD = 5.70 MWK
31 October 2023	1 GYD = 5.65 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.

01/01/2020: Transition to Polymer Banknotes

Polymer banknotes were introduced in Guyana, enhancing the durability and security features of the Guyanese dollar.

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.

03/02/2003: Redenomination of the Currency

The Guyanese dollar underwent a redenomination, with old banknotes replaced by new notes at a rate of 1,000 old dollars to 1 new dollar.

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.

05/10/1992: Resumption of Banking System

The resumption of the banking system in Guyana significantly improved the stability and accessibility of the Guyanese dollar.

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.

26/05/1966: Independence of Guyana

Following Guyana's independence from Britain, the currency was renamed from British Guiana dollar to Guyanese dollar.

12/09/1951: Currency Board Established

A Currency Board was established to manage the British Guiana dollar, ensuring its stability and convertibility.

06/08/1917: Currency Act of 1917

The British Guiana dollar was revalued at a rate of 4.80 dollars to 1 U.S. dollar, following the Currency Act of 1917.

18/01/1839: Introduction of the British Guiana dollar

British Guiana dollar introduced as the official currency of British Guiana, replacing the Spanish and Portuguese coins previously in circulation.

Historic Guyanese dollar Malawian kwacha