Historic Mauritian Rupee Malawian kwacha

Mauritian Rupee malawian kwacha history for February 2024. The highest quote for this month is 38.203 (01/02/2024) and the lowest 38.73 (28/02/2024). The difference between high and low is -1.38.

MUR MWK average rate for February 2024 is 37.17222, the change between 01/02/2024 and 29/02/2024 is -1.19 %.

01 February 20241 MUR = 37.86 MWK
02 February 20241 MUR = 37.91 MWK
03 February 20241 MUR = 36.62 MWK
04 February 20241 MUR = 36.35 MWK
05 February 20241 MUR = 37.79 MWK
06 February 20241 MUR = 37.95 MWK
07 February 20241 MUR = 36.82 MWK
08 February 20241 MUR = 37.50 MWK
09 February 20241 MUR = 37.14 MWK
12 February 20241 MUR = 37.65 MWK
13 February 20241 MUR = 37.89 MWK
14 February 20241 MUR = 36.82 MWK
15 February 20241 MUR = 36.34 MWK
16 February 20241 MUR = 37.30 MWK
17 February 20241 MUR = 35.65 MWK
18 February 20241 MUR = 35.65 MWK
19 February 20241 MUR = 35.93 MWK
20 February 20241 MUR = 37.63 MWK
21 February 20241 MUR = 37.19 MWK
22 February 20241 MUR = 37.54 MWK
23 February 20241 MUR = 37.21 MWK
24 February 20241 MUR = 36.66 MWK
25 February 20241 MUR = 36.66 MWK
26 February 20241 MUR = 37.82 MWK
27 February 20241 MUR = 37.89 MWK
28 February 20241 MUR = 37.59 MWK
29 February 20241 MUR = 38.31 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.

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.

15/02/2013: Launch of New MUR Banknotes

New series of Mauritian Rupee banknotes were launched, featuring enhanced security features and updated designs, reflecting the rich cultural heritage of Mauritius.

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.

08/09/2007: Currency Reform and New Coinage System

A currency reform was implemented, introducing new coins denominated in cents, with the aim of streamlining and modernizing the monetary system.

10/04/2000: Introduction of New Kwacha Banknotes

Malawi introduced new banknotes with enhanced security features to combat counterfeiting and to modernize the currency.

03/08/1999: Establishment of Bank of Mauritius

Bank of Mauritius Act was enacted, establishing the central bank responsible for the formulation and implementation of monetary policy in the country.

01/07/1994: Conversion to Decimal Currency System

Mauritian Rupee adopted the decimal currency system, replacing the previous pound-based system, with 1 Rupee consisting of 100 cents.

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.

01/07/1992: Introduction of Polymer Banknotes

Polymer-based banknotes were introduced in Mauritius, replacing the traditional paper notes, to improve durability and security against counterfeiting.

01/10/1979: Decentralization of Currency Printing

Printing of Mauritian Rupee banknotes was decentralized from the Bank of England to Mauritius, leading to enhanced national monetary control.

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.

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 Mauritian Rupee

Mauritian Rupee was introduced as the official currency replacing the Mauritian Pound, with an initial exchange rate of 1 Rupee to 10 Shillings.