Historic Arab Emirates Dirham Malawian kwacha

Arab Emirates Dirham malawian kwacha history for February 2024. The highest quote for this month is 462.15 (05/02/2024) and the lowest 457.43 (13/02/2024). The difference between high and low is 1.02.

AED MWK average rate for February 2024 is 454.90778, the change between 01/02/2024 and 29/02/2024 is -0.73 %.

01 February 20241 AED = 453.2 MWK
02 February 20241 AED = 453.7 MWK
03 February 20241 AED = 453.8 MWK
04 February 20241 AED = 453.9 MWK
05 February 20241 AED = 461.6 MWK
06 February 20241 AED = 458.0 MWK
07 February 20241 AED = 453.7 MWK
08 February 20241 AED = 453.7 MWK
09 February 20241 AED = 453.7 MWK
12 February 20241 AED = 456.9 MWK
13 February 20241 AED = 453.7 MWK
14 February 20241 AED = 453.7 MWK
15 February 20241 AED = 453.7 MWK
16 February 20241 AED = 453.7 MWK
17 February 20241 AED = 453.8 MWK
18 February 20241 AED = 453.9 MWK
19 February 20241 AED = 457.4 MWK
20 February 20241 AED = 457.4 MWK
21 February 20241 AED = 453.6 MWK
22 February 20241 AED = 453.7 MWK
23 February 20241 AED = 453.6 MWK
24 February 20241 AED = 453.8 MWK
25 February 20241 AED = 453.8 MWK
26 February 20241 AED = 457.0 MWK
27 February 20241 AED = 457.3 MWK
28 February 20241 AED = 453.7 MWK
29 February 20241 AED = 456.5 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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

10/04/2000: Introduction of New Kwacha Banknotes

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

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official 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.
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