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

Malawian kwacha moroccan dirham history for October 2023. The highest quote for this month is 0.009557 (01/10/2023) and the lowest 0.009541 (01/10/2023). The difference between high and low is 0.17.

MWK MAD average rate for October 2023 is 0.00901, the change between 01/10/2023 and 31/10/2023 is +4.55 %.

01 October 2023	1 MWK = 0.0096 MAD
02 October 2023	1 MWK = 0.0092 MAD
03 October 2023	1 MWK = 0.0097 MAD
04 October 2023	1 MWK = 0.0095 MAD
05 October 2023	1 MWK = 0.0091 MAD
06 October 2023	1 MWK = 0.0087 MAD
07 October 2023	1 MWK = 0.0089 MAD
09 October 2023	1 MWK = 0.0086 MAD
10 October 2023	1 MWK = 0.0087 MAD
11 October 2023	1 MWK = 0.0090 MAD
12 October 2023	1 MWK = 0.0090 MAD
13 October 2023	1 MWK = 0.0090 MAD
16 October 2023	1 MWK = 0.0086 MAD
17 October 2023	1 MWK = 0.0090 MAD
18 October 2023	1 MWK = 0.0090 MAD
19 October 2023	1 MWK = 0.0086 MAD
20 October 2023	1 MWK = 0.0091 MAD
21 October 2023	1 MWK = 0.0090 MAD
22 October 2023	1 MWK = 0.0090 MAD
23 October 2023	1 MWK = 0.0087 MAD
24 October 2023	1 MWK = 0.0091 MAD
25 October 2023	1 MWK = 0.0091 MAD
26 October 2023	1 MWK = 0.0092 MAD
27 October 2023	1 MWK = 0.0092 MAD
28 October 2023	1 MWK = 0.0090 MAD
29 October 2023	1 MWK = 0.0090 MAD
30 October 2023	1 MWK = 0.0088 MAD
31 October 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