Historic Swiss franc Malawian kwacha

Swiss franc malawian kwacha history for October 2023. The highest quote for this month is 1290.56 (20/10/2023) and the lowest 1284.74 (22/10/2023). The difference between high and low is 0.45.

CHF MWK average rate for October 2023 is 1250.4436, the change between 01/10/2023 and 31/10/2023 is -6.17 %.

01 October 20231 CHF = 1176.79 MWK
02 October 20231 CHF = 1179.25 MWK
03 October 20231 CHF = 1161.35 MWK
04 October 20231 CHF = 1175.38 MWK
05 October 20231 CHF = 1241.53 MWK
06 October 20231 CHF = 1262.69 MWK
09 October 20231 CHF = 1266.08 MWK
10 October 20231 CHF = 1275.35 MWK
11 October 20231 CHF = 1262.51 MWK
12 October 20231 CHF = 1259.73 MWK
13 October 20231 CHF = 1253.55 MWK
16 October 20231 CHF = 1281.05 MWK
17 October 20231 CHF = 1262.67 MWK
18 October 20231 CHF = 1269.84 MWK
19 October 20231 CHF = 1280.15 MWK
20 October 20231 CHF = 1274.96 MWK
22 October 20231 CHF = 1281.16 MWK
23 October 20231 CHF = 1287.59 MWK
24 October 20231 CHF = 1278.91 MWK
25 October 20231 CHF = 1263.07 MWK
26 October 20231 CHF = 1250.14 MWK
27 October 20231 CHF = 1247.18 MWK
29 October 20231 CHF = 1261.97 MWK
30 October 20231 CHF = 1258.83 MWK
31 October 20231 CHF = 1249.36 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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

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.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

10/04/2000: Introduction of New Kwacha Banknotes

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

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official 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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

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.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.
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