Historic Singapore dollar Malawian kwacha

Singapore dollar malawian kwacha history for January 2024. The highest quote for this month is 1277.75 (01/01/2024) and the lowest 1277.09 (01/01/2024). The difference between high and low is 0.05.

SGD MWK average rate for January 2024 is 1252.35444, the change between 01/01/2024 and 31/01/2024 is +2.51 %.

01 January 20241 SGD = 1275.90 MWK
02 January 20241 SGD = 1276.80 MWK
03 January 20241 SGD = 1254.58 MWK
04 January 20241 SGD = 1252.64 MWK
05 January 20241 SGD = 1253.21 MWK
06 January 20241 SGD = 1253.94 MWK
07 January 20241 SGD = 1253.94 MWK
08 January 20241 SGD = 1259.77 MWK
09 January 20241 SGD = 1253.89 MWK
10 January 20241 SGD = 1261.60 MWK
11 January 20241 SGD = 1251.88 MWK
12 January 20241 SGD = 1263.60 MWK
14 January 20241 SGD = 1251.68 MWK
15 January 20241 SGD = 1259.36 MWK
16 January 20241 SGD = 1257.99 MWK
17 January 20241 SGD = 1252.95 MWK
18 January 20241 SGD = 1237.75 MWK
19 January 20241 SGD = 1238.35 MWK
22 January 20241 SGD = 1252.20 MWK
23 January 20241 SGD = 1241.20 MWK
24 January 20241 SGD = 1241.00 MWK
25 January 20241 SGD = 1243.59 MWK
26 January 20241 SGD = 1242.27 MWK
28 January 20241 SGD = 1243.18 MWK
29 January 20241 SGD = 1252.74 MWK
30 January 20241 SGD = 1243.63 MWK
31 January 20241 SGD = 1243.93 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.

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float 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.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single 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.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.
SGD MWK July 2023
SGD MWK August 2023
SGD MWK September 2023
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SGD MWK December 2023
SGD MWK January 2024
SGD MWK February 2024
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SGD MWK April 2024
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SGD MWK June 2024
SGD MWK July 2024