Burundian Franc malawian kwacha exchange rate history (BIF MWK) October 2023

Burundian Franc malawian kwacha history for October 2023. The highest quote for this month is 0.41174 (05/10/2023) and the lowest 0.56337 (05/10/2023). The difference between high and low is -36.83.

BIF MWK average rate for October 2023 is 0.40753, the change between 01/10/2023 and 31/10/2023 is -4.69 %.

01 October 2023	1 BIF = 0.3816 MWK
02 October 2023	1 BIF = 0.3836 MWK
03 October 2023	1 BIF = 0.3783 MWK
04 October 2023	1 BIF = 0.3841 MWK
05 October 2023	1 BIF = 0.4017 MWK
06 October 2023	1 BIF = 0.4118 MWK
07 October 2023	1 BIF = 0.4095 MWK
09 October 2023	1 BIF = 0.4113 MWK
10 October 2023	1 BIF = 0.4112 MWK
11 October 2023	1 BIF = 0.4048 MWK
12 October 2023	1 BIF = 0.4023 MWK
13 October 2023	1 BIF = 0.4036 MWK
16 October 2023	1 BIF = 0.4112 MWK
17 October 2023	1 BIF = 0.4028 MWK
18 October 2023	1 BIF = 0.4052 MWK
19 October 2023	1 BIF = 0.4092 MWK
20 October 2023	1 BIF = 0.4032 MWK
21 October 2023	1 BIF = 0.4052 MWK
22 October 2023	1 BIF = 0.4052 MWK
23 October 2023	1 BIF = 0.4098 MWK
24 October 2023	1 BIF = 0.4035 MWK
25 October 2023	1 BIF = 0.5581 MWK
26 October 2023	1 BIF = 0.3974 MWK
27 October 2023	1 BIF = 0.3971 MWK
30 October 2023	1 BIF = 0.4048 MWK
31 October 2023	1 BIF = 0.3995 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.

29/06/2018: East African Community Currency Integration

Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.

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.

17/10/2011: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.

30/06/2003: Second Currency Revaluation

The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.

10/04/2000: Introduction of New Kwacha Banknotes

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

30/04/1995: Printing of Banknotes

The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.

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.

20/10/1990: Introduction of New Coins

New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.

22/09/1985: First Currency Revaluation

The Burundian Franc is significantly devalued as part of a currency revaluation program.

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.

30/06/1960: Independence from Belgium

Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.

Historic Burundian Franc Malawian kwacha