Historic Arab Emirates Dirham Malawian kwacha

Arab Emirates Dirham malawian kwacha history for November 2023. The highest quote for this month is 458.93 (27/11/2023) and the lowest 458.52 (27/11/2023). The difference between high and low is 0.09.

AED MWK average rate for November 2023 is 406.536, the change between 01/11/2023 and 30/11/2023 is -47.94 %.

01 November 20231 AED = 306.9 MWK
02 November 20231 AED = 308.8 MWK
03 November 20231 AED = 305.1 MWK
06 November 20231 AED = 303.1 MWK
07 November 20231 AED = 300.9 MWK
08 November 20231 AED = 300.9 MWK
09 November 20231 AED = 301.2 MWK
10 November 20231 AED = 299.3 MWK
13 November 20231 AED = 455.7 MWK
14 November 20231 AED = 457.8 MWK
15 November 20231 AED = 458.5 MWK
16 November 20231 AED = 453.4 MWK
17 November 20231 AED = 453.4 MWK
18 November 20231 AED = 453.8 MWK
19 November 20231 AED = 453.8 MWK
20 November 20231 AED = 455.1 MWK
21 November 20231 AED = 454.5 MWK
22 November 20231 AED = 454.4 MWK
23 November 20231 AED = 457.2 MWK
24 November 20231 AED = 457.8 MWK
26 November 20231 AED = 453.9 MWK
27 November 20231 AED = 455.9 MWK
28 November 20231 AED = 453.9 MWK
29 November 20231 AED = 454.1 MWK
30 November 20231 AED = 454.1 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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