Malawian kwacha moroccan dirham exchange rate history (MWK MAD) August 2023

Malawian kwacha moroccan dirham history for August 2023. The highest quote for this month is 0.009392 (02/08/2023) and the lowest 0.009336 (18/08/2023). The difference between high and low is 0.6.

MWK MAD average rate for August 2023 is 0.00916, the change between 01/08/2023 and 31/08/2023 is +4.22 %.

01 August 2023	1 MWK = 0.0095 MAD
02 August 2023	1 MWK = 0.0095 MAD
03 August 2023	1 MWK = 0.0092 MAD
04 August 2023	1 MWK = 0.0095 MAD
07 August 2023	1 MWK = 0.0090 MAD
08 August 2023	1 MWK = 0.0088 MAD
09 August 2023	1 MWK = 0.0087 MAD
10 August 2023	1 MWK = 0.0087 MAD
11 August 2023	1 MWK = 0.0088 MAD
12 August 2023	1 MWK = 0.0093 MAD
14 August 2023	1 MWK = 0.0087 MAD
15 August 2023	1 MWK = 0.0093 MAD
16 August 2023	1 MWK = 0.0093 MAD
17 August 2023	1 MWK = 0.0093 MAD
18 August 2023	1 MWK = 0.0093 MAD
19 August 2023	1 MWK = 0.0093 MAD
20 August 2023	1 MWK = 0.0093 MAD
21 August 2023	1 MWK = 0.0088 MAD
22 August 2023	1 MWK = 0.0094 MAD
23 August 2023	1 MWK = 0.0094 MAD
24 August 2023	1 MWK = 0.0094 MAD
25 August 2023	1 MWK = 0.0095 MAD
28 August 2023	1 MWK = 0.0090 MAD
29 August 2023	1 MWK = 0.0091 MAD
30 August 2023	1 MWK = 0.0091 MAD
31 August 2023	1 MWK = 0.0091 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate 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.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced 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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

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.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

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.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

Historic Malawian kwacha Moroccan dirham