Moroccan dirham malawian kwacha exchange rate history (MAD MWK) October 2023

Moroccan dirham malawian kwacha history for October 2023. The highest quote for this month is 116.32 (11/10/2023) and the lowest 116.76 (13/10/2023). The difference between high and low is -0.38.

MAD MWK average rate for October 2023 is 111.08821, the change between 01/10/2023 and 31/10/2023 is -4.77 %.

01 October 2023	1 MAD = 104.6 MWK
02 October 2023	1 MAD = 108.5 MWK
03 October 2023	1 MAD = 103.3 MWK
04 October 2023	1 MAD = 104.8 MWK
05 October 2023	1 MAD = 110.5 MWK
06 October 2023	1 MAD = 115.3 MWK
07 October 2023	1 MAD = 112.5 MWK
09 October 2023	1 MAD = 116.6 MWK
10 October 2023	1 MAD = 114.9 MWK
11 October 2023	1 MAD = 111.3 MWK
12 October 2023	1 MAD = 110.9 MWK
13 October 2023	1 MAD = 111.1 MWK
16 October 2023	1 MAD = 116.9 MWK
17 October 2023	1 MAD = 110.9 MWK
18 October 2023	1 MAD = 111.6 MWK
19 October 2023	1 MAD = 115.7 MWK
20 October 2023	1 MAD = 110.4 MWK
21 October 2023	1 MAD = 110.8 MWK
22 October 2023	1 MAD = 110.8 MWK
23 October 2023	1 MAD = 115.6 MWK
24 October 2023	1 MAD = 110.4 MWK
25 October 2023	1 MAD = 109.6 MWK
26 October 2023	1 MAD = 109.3 MWK
27 October 2023	1 MAD = 109.3 MWK
28 October 2023	1 MAD = 110.6 MWK
29 October 2023	1 MAD = 110.7 MWK
30 October 2023	1 MAD = 114.1 MWK
31 October 2023	1 MAD = 109.6 MWK

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 Moroccan dirham Malawian kwacha