Historic Australian dollar Malawian kwacha

Australian dollar malawian kwacha history for February 2024. The highest quote for this month is 1103.5 (23/02/2024) and the lowest 1105.02 (22/02/2024). The difference between high and low is -0.14.

AUD MWK average rate for February 2024 is 1090.83556, the change between 01/02/2024 and 29/02/2024 is +0.29 %.

01 February 20241 AUD = 1091.83 MWK
02 February 20241 AUD = 1095.38 MWK
03 February 20241 AUD = 1085.96 MWK
04 February 20241 AUD = 1086.24 MWK
05 February 20241 AUD = 1102.65 MWK
06 February 20241 AUD = 1089.73 MWK
07 February 20241 AUD = 1087.84 MWK
08 February 20241 AUD = 1086.55 MWK
09 February 20241 AUD = 1082.50 MWK
12 February 20241 AUD = 1095.03 MWK
13 February 20241 AUD = 1087.71 MWK
14 February 20241 AUD = 1075.14 MWK
15 February 20241 AUD = 1082.70 MWK
16 February 20241 AUD = 1087.15 MWK
17 February 20241 AUD = 1089.08 MWK
18 February 20241 AUD = 1089.15 MWK
19 February 20241 AUD = 1098.24 MWK
20 February 20241 AUD = 1096.76 MWK
21 February 20241 AUD = 1091.81 MWK
22 February 20241 AUD = 1091.76 MWK
23 February 20241 AUD = 1092.75 MWK
24 February 20241 AUD = 1093.87 MWK
25 February 20241 AUD = 1093.87 MWK
26 February 20241 AUD = 1101.81 MWK
27 February 20241 AUD = 1098.23 MWK
28 February 20241 AUD = 1090.21 MWK
29 February 20241 AUD = 1088.61 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.

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

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.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

10/04/2000: Introduction of New Kwacha Banknotes

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

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

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.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

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.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

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.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.
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