Omani rial malawian kwacha exchange rate history (OMR MWK) August 2023

Omani rial malawian kwacha history for August 2023. The highest quote for this month is 2834.49 (25/08/2023) and the lowest 2821.61 (14/08/2023). The difference between high and low is 0.45.

OMR MWK average rate for August 2023 is 2785.39769, the change between 01/08/2023 and 31/08/2023 is -3.84 %.

01 August 2023	1 OMR = 2700.55 MWK
02 August 2023	1 OMR = 2697.97 MWK
03 August 2023	1 OMR = 2732.78 MWK
04 August 2023	1 OMR = 2697.97 MWK
07 August 2023	1 OMR = 2708.66 MWK
08 August 2023	1 OMR = 2816.02 MWK
09 August 2023	1 OMR = 2816.77 MWK
10 August 2023	1 OMR = 2818.12 MWK
11 August 2023	1 OMR = 2818.33 MWK
12 August 2023	1 OMR = 2772.15 MWK
14 August 2023	1 OMR = 2905.20 MWK
15 August 2023	1 OMR = 2771.14 MWK
16 August 2023	1 OMR = 2781.39 MWK
17 August 2023	1 OMR = 2784.06 MWK
18 August 2023	1 OMR = 2771.03 MWK
19 August 2023	1 OMR = 2789.22 MWK
20 August 2023	1 OMR = 2789.22 MWK
21 August 2023	1 OMR = 2904.28 MWK
22 August 2023	1 OMR = 2771.12 MWK
23 August 2023	1 OMR = 2784.22 MWK
24 August 2023	1 OMR = 2783.94 MWK
25 August 2023	1 OMR = 2768.39 MWK
28 August 2023	1 OMR = 2796.70 MWK
29 August 2023	1 OMR = 2819.86 MWK
30 August 2023	1 OMR = 2817.00 MWK
31 August 2023	1 OMR = 2804.25 MWK

16/03/2021: New 5 Rial Polymer Banknote Introduced

A new polymer banknote with a denomination of 5 rials was introduced, enhancing durability and security features of the currency.

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.

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.

15/01/2003: New Omani Rial Banknotes Issued

New series of Omani rial banknotes were introduced, featuring enhanced security features and updated designs.

10/04/2000: Introduction of New Kwacha Banknotes

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

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.

12/06/1994: Smaller Denomination Coins Issued

Small denomination coins, including 5, 10, 25, and 50 baisa coins, were issued in order to facilitate everyday transactions.

17/03/1986: 200 Baisa Coin Introduced

A new 200 baisa coin was introduced, becoming the highest denomination coin in circulation at that time.

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.

11/11/1975: 1/8 Rial Copper-Nickel Coin Introduced

A new 1/8 rial coin made of copper-nickel was introduced, representing a fractional value of the rial currency.

02/03/1973: Rial Oman Pegged to US Dollar

The Omani rial was officially pegged to the United States dollar, with an exchange rate of 1 OMR = 2.895 USD.

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.

27/07/1970: Rial Oman is Introduced

The Omani rial was introduced, replacing the Gulf rupee at a rate of 1 rial = 2.6008 rupees.

Historic Omani rial Malawian kwacha