Historic Malawian kwacha Malaysian ringgit

Malawian kwacha malaysian ringgit history for February 2024. The highest quote for this month is 0.002867 (17/02/2024) and the lowest 0.002875 (21/02/2024). The difference between high and low is -0.28.

MWK MYR average rate for February 2024 is 0.00285, the change between 01/02/2024 and 29/02/2024 is -0.11 %.

01 February 20241 MWK = 0.0028 MYR
02 February 20241 MWK = 0.0028 MYR
03 February 20241 MWK = 0.0028 MYR
04 February 20241 MWK = 0.0028 MYR
05 February 20241 MWK = 0.0028 MYR
06 February 20241 MWK = 0.0028 MYR
07 February 20241 MWK = 0.0029 MYR
08 February 20241 MWK = 0.0029 MYR
09 February 20241 MWK = 0.0029 MYR
12 February 20241 MWK = 0.0028 MYR
13 February 20241 MWK = 0.0029 MYR
14 February 20241 MWK = 0.0029 MYR
15 February 20241 MWK = 0.0029 MYR
16 February 20241 MWK = 0.0029 MYR
17 February 20241 MWK = 0.0029 MYR
18 February 20241 MWK = 0.0029 MYR
19 February 20241 MWK = 0.0028 MYR
20 February 20241 MWK = 0.0028 MYR
21 February 20241 MWK = 0.0029 MYR
22 February 20241 MWK = 0.0029 MYR
23 February 20241 MWK = 0.0029 MYR
24 February 20241 MWK = 0.0029 MYR
25 February 20241 MWK = 0.0029 MYR
26 February 20241 MWK = 0.0028 MYR
27 February 20241 MWK = 0.0028 MYR
28 February 20241 MWK = 0.0029 MYR
29 February 20241 MWK = 0.0028 MYR

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 COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

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.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

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.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

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: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

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.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

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.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

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.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.
MWK MYR July 2023
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MWK MYR February 2024
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MWK MYR July 2024