Historic Panamanian Balboa Malawian kwacha

Panamanian Balboa malawian kwacha history for September 2023. The highest quote for this month is 1138.73 (20/09/2023) and the lowest 1132.56 (19/09/2023). The difference between high and low is 0.54.

PAB MWK average rate for September 2023 is 1096.32261, the change between 01/09/2023 and 30/09/2023 is +1.83 %.

01 September 20231 PAB = 1096.11 MWK
04 September 20231 PAB = 1090.40 MWK
05 September 20231 PAB = 1088.21 MWK
06 September 20231 PAB = 1079.02 MWK
07 September 20231 PAB = 1061.57 MWK
08 September 20231 PAB = 1092.89 MWK
12 September 20231 PAB = 1121.63 MWK
13 September 20231 PAB = 1109.68 MWK
14 September 20231 PAB = 1109.51 MWK
15 September 20231 PAB = 1092.54 MWK
18 September 20231 PAB = 1103.02 MWK
19 September 20231 PAB = 1121.38 MWK
20 September 20231 PAB = 1111.97 MWK
21 September 20231 PAB = 1115.57 MWK
22 September 20231 PAB = 1102.25 MWK
23 September 20231 PAB = 1078.24 MWK
24 September 20231 PAB = 1078.24 MWK
25 September 20231 PAB = 1105.43 MWK
26 September 20231 PAB = 1094.22 MWK
27 September 20231 PAB = 1103.02 MWK
28 September 20231 PAB = 1091.80 MWK
29 September 20231 PAB = 1092.66 MWK
30 September 20231 PAB = 1076.06 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.

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.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

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.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

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.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.