Rwandan franc malawian kwacha exchange rate history (RWF MWK) December 2023

Rwandan franc malawian kwacha history for December 2023. The highest quote for this month is 1.3665 (04/12/2023) and the lowest 1.3644 (05/12/2023). The difference between high and low is 0.15.

RWF MWK average rate for December 2023 is 1.3472, the change between 01/12/2023 and 31/12/2023 is +2.59 %.

01 December 2023	1 RWF = 1.368 MWK
02 December 2023	1 RWF = 1.349 MWK
03 December 2023	1 RWF = 1.349 MWK
04 December 2023	1 RWF = 1.367 MWK
05 December 2023	1 RWF = 1.356 MWK
06 December 2023	1 RWF = 1.340 MWK
07 December 2023	1 RWF = 1.363 MWK
08 December 2023	1 RWF = 1.341 MWK
10 December 2023	1 RWF = 1.345 MWK
11 December 2023	1 RWF = 1.350 MWK
12 December 2023	1 RWF = 1.344 MWK
13 December 2023	1 RWF = 1.360 MWK
14 December 2023	1 RWF = 1.344 MWK
15 December 2023	1 RWF = 1.344 MWK
16 December 2023	1 RWF = 1.340 MWK
17 December 2023	1 RWF = 1.340 MWK
18 December 2023	1 RWF = 1.357 MWK
19 December 2023	1 RWF = 1.356 MWK
20 December 2023	1 RWF = 1.339 MWK
21 December 2023	1 RWF = 1.355 MWK
22 December 2023	1 RWF = 1.335 MWK
23 December 2023	1 RWF = 1.337 MWK
24 December 2023	1 RWF = 1.335 MWK
25 December 2023	1 RWF = 1.352 MWK
26 December 2023	1 RWF = 1.352 MWK
27 December 2023	1 RWF = 1.337 MWK
28 December 2023	1 RWF = 1.337 MWK
29 December 2023	1 RWF = 1.333 MWK

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

10/04/2000: Introduction of New Kwacha Banknotes

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

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

01/09/1979: First Devaluation of the Kwacha

The Malawian government devalued the kwacha by 30% in response to economic challenges and to promote exports.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

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.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

Historic Rwandan franc Malawian kwacha