Historic Eritrean nakfa Malawian kwacha

Eritrean nakfa malawian kwacha history for January 2024. The highest quote for this month is 111.98 (26/01/2024) and the lowest 111.78 (01/01/2024). The difference between high and low is 0.18.

ERN MWK average rate for January 2024 is 110.9263, the change between 01/01/2024 and 31/01/2024 is +0.88 %.

01 January 20241 ERN = 111.7 MWK
02 January 20241 ERN = 111.8 MWK
03 January 20241 ERN = 110.6 MWK
04 January 20241 ERN = 110.4 MWK
05 January 20241 ERN = 110.6 MWK
06 January 20241 ERN = 110.6 MWK
07 January 20241 ERN = 110.6 MWK
08 January 20241 ERN = 111.3 MWK
09 January 20241 ERN = 110.6 MWK
10 January 20241 ERN = 111.6 MWK
11 January 20241 ERN = 110.6 MWK
12 January 20241 ERN = 111.6 MWK
14 January 20241 ERN = 110.8 MWK
15 January 20241 ERN = 111.3 MWK
16 January 20241 ERN = 111.4 MWK
17 January 20241 ERN = 111.8 MWK
18 January 20241 ERN = 110.4 MWK
19 January 20241 ERN = 110.6 MWK
22 January 20241 ERN = 111.4 MWK
23 January 20241 ERN = 110.7 MWK
24 January 20241 ERN = 110.4 MWK
25 January 20241 ERN = 110.6 MWK
26 January 20241 ERN = 110.5 MWK
28 January 20241 ERN = 110.6 MWK
29 January 20241 ERN = 111.7 MWK
30 January 20241 ERN = 110.6 MWK
31 January 20241 ERN = 110.7 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.

08/04/2020: COVID-19 impact on currency circulation

Due to the COVID-19 pandemic, circulation of nakfa banknotes decreased as people relied more on digital transactions.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

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.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

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.

14/11/2005: Currency redenomination

The Eritrean nakfa underwent a redenomination where old nakfa notes were replaced with new nakfa notes in a ratio of 1:1,000.

10/04/2000: Introduction of New Kwacha Banknotes

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

08/11/1997: Introduction of the Eritrean nakfa

The Eritrean nakfa was introduced as the official currency of Eritrea, replacing the Ethiopian birr.

08/11/1997: Currency exchange rate fixed

The Eritrean nakfa was fixed at an exchange rate of 1 USD = 10 ERN.

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.
ERN MWK July 2023
ERN MWK August 2023
ERN MWK September 2023
ERN MWK October 2023
ERN MWK November 2023
ERN MWK December 2023
ERN MWK January 2024
ERN MWK February 2024
ERN MWK March 2024
ERN MWK April 2024
ERN MWK May 2024
ERN MWK June 2024
ERN MWK July 2024