Historic Malawian kwacha Lao kip

Malawian kwacha lao kip history for February 2024. The highest quote for this month is 12.499 (24/02/2024) and the lowest 12.499 (24/02/2024). The difference between high and low is 0.

MWK LAK average rate for February 2024 is 12.41919, the change between 01/02/2024 and 29/02/2024 is +1.1 %.

01 February 20241 MWK = 12.43 LAK
02 February 20241 MWK = 12.44 LAK
03 February 20241 MWK = 12.44 LAK
04 February 20241 MWK = 12.44 LAK
05 February 20241 MWK = 12.23 LAK
06 February 20241 MWK = 12.25 LAK
07 February 20241 MWK = 12.47 LAK
08 February 20241 MWK = 12.48 LAK
09 February 20241 MWK = 12.47 LAK
12 February 20241 MWK = 12.26 LAK
13 February 20241 MWK = 12.48 LAK
14 February 20241 MWK = 12.49 LAK
15 February 20241 MWK = 12.49 LAK
16 February 20241 MWK = 12.50 LAK
17 February 20241 MWK = 12.49 LAK
18 February 20241 MWK = 12.49 LAK
19 February 20241 MWK = 12.28 LAK
20 February 20241 MWK = 12.28 LAK
21 February 20241 MWK = 12.49 LAK
22 February 20241 MWK = 12.49 LAK
23 February 20241 MWK = 12.49 LAK
24 February 20241 MWK = 12.50 LAK
25 February 20241 MWK = 12.50 LAK
26 February 20241 MWK = 12.29 LAK
27 February 20241 MWK = 12.39 LAK
28 February 20241 MWK = 12.49 LAK
29 February 20241 MWK = 12.29 LAK

01/01/2021: Digitalization of the kip

The Bank of the Lao PDR introduced digital payment systems and promoted cashless transactions to modernize the use of the kip in the digital era.

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.

01/05/2016: Currency Floatation

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

14/10/2013: Kip exchange rate liberalized

Laos liberalized its exchange rate regime, allowing the kip's value to be determined by market forces, leading to fluctuations in its value.

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.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

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.

02/05/1980: Revaluation of the kip

The Lao government initiated a revaluation of the kip, resulting in the exchange rate of 1 new kip to 100 old kip.

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.

02/12/1976: Kip becomes the sole legal tender

The Lao kip was declared as the sole legal tender in Laos, replacing the use of other currencies within the country.

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.

01/01/1952: Currency reform

Laos implemented a currency reform that replaced the French Indochinese piastre with the new kip, at an exchange rate of 100 new kip to 1 old piastre.

12/10/1945: Lao kip introduced

The Lao kip was first introduced as the official currency of Laos following the country's liberation from French colonial rule.
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