Malaysian ringgit malawian kwacha exchange rate history (MYR MWK) October 2023

Malaysian ringgit malawian kwacha history for October 2023. The highest quote for this month is 246.85 (03/10/2023) and the lowest 244.9 (09/10/2023). The difference between high and low is 0.79.

MYR MWK average rate for October 2023 is 238.57679, the change between 01/10/2023 and 31/10/2023 is -3.27 %.

01 October 2023	1 MYR = 229.3 MWK
02 October 2023	1 MYR = 230.1 MWK
03 October 2023	1 MYR = 226.1 MWK
04 October 2023	1 MYR = 229.2 MWK
05 October 2023	1 MYR = 240.6 MWK
06 October 2023	1 MYR = 243.9 MWK
07 October 2023	1 MYR = 245.2 MWK
09 October 2023	1 MYR = 244.2 MWK
10 October 2023	1 MYR = 244.0 MWK
11 October 2023	1 MYR = 241.7 MWK
12 October 2023	1 MYR = 240.7 MWK
13 October 2023	1 MYR = 241.6 MWK
16 October 2023	1 MYR = 244.6 MWK
17 October 2023	1 MYR = 240.2 MWK
18 October 2023	1 MYR = 241.4 MWK
19 October 2023	1 MYR = 242.6 MWK
20 October 2023	1 MYR = 238.7 MWK
21 October 2023	1 MYR = 240.1 MWK
22 October 2023	1 MYR = 240.1 MWK
23 October 2023	1 MYR = 241.4 MWK
24 October 2023	1 MYR = 239.0 MWK
25 October 2023	1 MYR = 235.6 MWK
26 October 2023	1 MYR = 234.7 MWK
27 October 2023	1 MYR = 234.3 MWK
28 October 2023	1 MYR = 238.1 MWK
29 October 2023	1 MYR = 238.1 MWK
30 October 2023	1 MYR = 237.9 MWK
31 October 2023	1 MYR = 236.8 MWK

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.

Historic Malaysian ringgit Malawian kwacha