Historic Pound sterling Malawian kwacha

Pound sterling malawian kwacha history for January 2024. The highest quote for this month is 2139.38 (01/01/2024) and the lowest 2145.18 (24/01/2024). The difference between high and low is -0.27.

GBP MWK average rate for January 2024 is 2123.55615, the change between 01/01/2024 and 31/01/2024 is +1.28 %.

01 January 20241 GBP = 2142.41 MWK
02 January 20241 GBP = 2144.15 MWK
03 January 20241 GBP = 2100.48 MWK
04 January 20241 GBP = 2109.00 MWK
05 January 20241 GBP = 2113.17 MWK
07 January 20241 GBP = 2119.72 MWK
08 January 20241 GBP = 2130.24 MWK
09 January 20241 GBP = 2123.35 MWK
10 January 20241 GBP = 2134.65 MWK
11 January 20241 GBP = 2123.35 MWK
12 January 20241 GBP = 2146.60 MWK
14 January 20241 GBP = 2125.80 MWK
15 January 20241 GBP = 2136.37 MWK
16 January 20241 GBP = 2133.89 MWK
17 January 20241 GBP = 2125.81 MWK
18 January 20241 GBP = 2109.43 MWK
19 January 20241 GBP = 2114.92 MWK
22 January 20241 GBP = 2131.60 MWK
23 January 20241 GBP = 2116.98 MWK
24 January 20241 GBP = 2111.94 MWK
25 January 20241 GBP = 2118.95 MWK
26 January 20241 GBP = 2115.92 MWK
28 January 20241 GBP = 2115.95 MWK
29 January 20241 GBP = 2134.68 MWK
30 January 20241 GBP = 2118.03 MWK
31 January 20241 GBP = 2115.07 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.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

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.

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

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.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

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.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.
GBP MWK July 2023
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GBP MWK January 2024
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