United States dollar malawian kwacha history for March 2024. The highest quote for this month is 1681.9 (01/03/2024) and the lowest 1680.15 (05/03/2024). The difference between high and low is 0.1.
USD MWK average rate for March 2024 is 1647.091, the change between 01/03/2024 and 31/03/2024 is +7.35 %.
| 01 March 2024 | 1 USD = 1666.00 MWK |
| 03 March 2024 | 1 USD = 1666.73 MWK |
| 04 March 2024 | 1 USD = 1674.24 MWK |
| 05 March 2024 | 1 USD = 1680.24 MWK |
| 06 March 2024 | 1 USD = 1680.15 MWK |
| 07 March 2024 | 1 USD = 1666.00 MWK |
| 08 March 2024 | 1 USD = 1672.35 MWK |
| 10 March 2024 | 1 USD = 1543.58 MWK |
| 11 March 2024 | 1 USD = 1678.04 MWK |
| 12 March 2024 | 1 USD = 1543.58 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.
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.
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.
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.