Singapore dollar malawian kwacha exchange rate history (SGD MWK) October 2023

Singapore dollar malawian kwacha history for October 2023. The highest quote for this month is 847.24 (03/10/2023) and the lowest 845.57 (06/10/2023). The difference between high and low is 0.2.

SGD MWK average rate for October 2023 is 826.48214, the change between 01/10/2023 and 31/10/2023 is -4.83 %.

01 October 2023	1 SGD = 787.7 MWK
02 October 2023	1 SGD = 789.8 MWK
03 October 2023	1 SGD = 776.2 MWK
04 October 2023	1 SGD = 788.2 MWK
05 October 2023	1 SGD = 829.6 MWK
06 October 2023	1 SGD = 842.7 MWK
07 October 2023	1 SGD = 846.0 MWK
09 October 2023	1 SGD = 842.2 MWK
10 October 2023	1 SGD = 846.0 MWK
11 October 2023	1 SGD = 838.0 MWK
12 October 2023	1 SGD = 833.0 MWK
13 October 2023	1 SGD = 831.0 MWK
16 October 2023	1 SGD = 844.5 MWK
17 October 2023	1 SGD = 830.9 MWK
18 October 2023	1 SGD = 835.5 MWK
19 October 2023	1 SGD = 837.9 MWK
20 October 2023	1 SGD = 828.3 MWK
21 October 2023	1 SGD = 833.7 MWK
22 October 2023	1 SGD = 833.6 MWK
23 October 2023	1 SGD = 837.9 MWK
24 October 2023	1 SGD = 833.4 MWK
25 October 2023	1 SGD = 824.6 MWK
26 October 2023	1 SGD = 816.9 MWK
27 October 2023	1 SGD = 819.0 MWK
28 October 2023	1 SGD = 830.0 MWK
29 October 2023	1 SGD = 830.0 MWK
30 October 2023	1 SGD = 829.1 MWK
31 October 2023	1 SGD = 825.8 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.

Historic Singapore dollar Malawian kwacha