Historic Singapore dollar Malawian kwacha

Singapore dollar malawian kwacha history for November 2023. The highest quote for this month is 1259.29 (29/11/2023) and the lowest 1259.82 (27/11/2023). The difference between high and low is -0.04.

SGD MWK average rate for November 2023 is 1108.388, the change between 01/11/2023 and 30/11/2023 is -51.97 %.

01 November 20231 SGD = 823.2 MWK
02 November 20231 SGD = 830.0 MWK
03 November 20231 SGD = 820.7 MWK
06 November 20231 SGD = 822.3 MWK
07 November 20231 SGD = 818.2 MWK
08 November 20231 SGD = 815.8 MWK
09 November 20231 SGD = 815.7 MWK
10 November 20231 SGD = 807.7 MWK
13 November 20231 SGD = 1230.57 MWK
14 November 20231 SGD = 1237.26 MWK
15 November 20231 SGD = 1247.72 MWK
16 November 20231 SGD = 1233.33 MWK
17 November 20231 SGD = 1236.03 MWK
18 November 20231 SGD = 1241.32 MWK
19 November 20231 SGD = 1241.04 MWK
20 November 20231 SGD = 1244.11 MWK
21 November 20231 SGD = 1247.79 MWK
22 November 20231 SGD = 1247.64 MWK
23 November 20231 SGD = 1250.85 MWK
24 November 20231 SGD = 1253.80 MWK
26 November 20231 SGD = 1243.65 MWK
27 November 20231 SGD = 1249.45 MWK
28 November 20231 SGD = 1247.26 MWK
29 November 20231 SGD = 1253.20 MWK
30 November 20231 SGD = 1251.10 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.
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