Cape Verdean escudo malawian kwacha exchange rate history (CVE MWK) December 2023

Cape Verdean escudo malawian kwacha history for December 2023. The highest quote for this month is 16.937 (28/12/2023) and the lowest 16.873 (29/12/2023). The difference between high and low is 0.38.

CVE MWK average rate for December 2023 is 16.52264, the change between 01/12/2023 and 31/12/2023 is -0.49 %.

01 December 2023	1 CVE = 16.63 MWK
02 December 2023	1 CVE = 16.43 MWK
03 December 2023	1 CVE = 16.43 MWK
04 December 2023	1 CVE = 16.60 MWK
05 December 2023	1 CVE = 16.40 MWK
06 December 2023	1 CVE = 16.25 MWK
07 December 2023	1 CVE = 16.46 MWK
08 December 2023	1 CVE = 16.25 MWK
10 December 2023	1 CVE = 16.25 MWK
11 December 2023	1 CVE = 16.43 MWK
12 December 2023	1 CVE = 16.28 MWK
13 December 2023	1 CVE = 16.45 MWK
14 December 2023	1 CVE = 16.32 MWK
15 December 2023	1 CVE = 16.20 MWK
16 December 2023	1 CVE = 16.52 MWK
17 December 2023	1 CVE = 16.52 MWK
18 December 2023	1 CVE = 16.71 MWK
19 December 2023	1 CVE = 16.62 MWK
20 December 2023	1 CVE = 16.59 MWK
21 December 2023	1 CVE = 16.75 MWK
22 December 2023	1 CVE = 16.59 MWK
23 December 2023	1 CVE = 16.58 MWK
24 December 2023	1 CVE = 16.65 MWK
25 December 2023	1 CVE = 16.80 MWK
26 December 2023	1 CVE = 16.79 MWK
27 December 2023	1 CVE = 16.66 MWK
28 December 2023	1 CVE = 16.79 MWK
29 December 2023	1 CVE = 16.71 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.

04/05/2020: COVID-19 impact on currency

The outbreak of COVID-19 and its economic consequences led to a depreciation of the Cape Verdean escudo against major international currencies due to reduced tourism and economic activity.

30/09/2017: New escudo banknotes issued

Cape Verde introduced a new series of banknotes for the escudo, featuring enhanced security features, updated designs, and improved durability.

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.

31/12/2014: End of the peg to the euro

Cape Verde decided to abandon the peg to the euro, shifting to a managed float exchange rate system to allow the currency to fluctuate based on market forces.

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.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

10/04/2000: Introduction of New Kwacha Banknotes

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

01/01/1998: Currency pegged to the euro

The Cape Verdean escudo was pegged to the euro at a fixed exchange rate of 1 euro = 110.265 CVE, ensuring stability and facilitating trade.

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.

17/11/1977: Introduction of the new escudo

A new version of the Cape Verdean escudo was introduced, replacing the previous version with a new design and updated security features.

05/07/1975: Independence of Cape Verde

The Cape Verdean escudo (CVE) was officially adopted as the currency of Cape Verde upon gaining independence from Portugal.

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.

Historic Cape Verdean escudo Malawian kwacha