Malawian kwacha australian dollar exchange rate history (MWK AUD) December 2023

Malawian kwacha australian dollar history for December 2023. The highest quote for this month is 0.000914 (10/12/2023) and the lowest 0.001086 (15/12/2023). The difference between high and low is -18.82.

MWK AUD average rate for December 2023 is 0.00089, the change between 01/12/2023 and 31/12/2023 is +2.44 %.

01 December 2023	1 MWK = 0.0009 AUD
02 December 2023	1 MWK = 0.0009 AUD
03 December 2023	1 MWK = 0.0009 AUD
04 December 2023	1 MWK = 0.0009 AUD
05 December 2023	1 MWK = 0.0009 AUD
06 December 2023	1 MWK = 0.0009 AUD
07 December 2023	1 MWK = 0.0009 AUD
08 December 2023	1 MWK = 0.0009 AUD
10 December 2023	1 MWK = 0.0009 AUD
11 December 2023	1 MWK = 0.0009 AUD
12 December 2023	1 MWK = 0.0009 AUD
13 December 2023	1 MWK = 0.0009 AUD
14 December 2023	1 MWK = 0.0009 AUD
15 December 2023	1 MWK = 0.0009 AUD
16 December 2023	1 MWK = 0.0009 AUD
17 December 2023	1 MWK = 0.0009 AUD
18 December 2023	1 MWK = 0.0009 AUD
19 December 2023	1 MWK = 0.0009 AUD
20 December 2023	1 MWK = 0.0009 AUD
21 December 2023	1 MWK = 0.0009 AUD
22 December 2023	1 MWK = 0.0009 AUD
23 December 2023	1 MWK = 0.0009 AUD
24 December 2023	1 MWK = 0.0009 AUD
25 December 2023	1 MWK = 0.0009 AUD
26 December 2023	1 MWK = 0.0009 AUD
27 December 2023	1 MWK = 0.0009 AUD
28 December 2023	1 MWK = 0.0009 AUD
29 December 2023	1 MWK = 0.0009 AUD

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.

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

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.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US 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.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

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.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

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.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

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.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

Historic Malawian kwacha Australian dollar