Historic Iranian Rial Malawian kwacha

Iranian Rial malawian kwacha history for February 2024. The highest quote for this month is 0.040389 (05/02/2024) and the lowest 0.039991 (13/02/2024). The difference between high and low is 0.99.

IRR MWK average rate for February 2024 is 0.03977, the change between 01/02/2024 and 29/02/2024 is -0.71 %.

01 February 20241 IRR = 0.0396 MWK
02 February 20241 IRR = 0.0397 MWK
03 February 20241 IRR = 0.0397 MWK
04 February 20241 IRR = 0.0397 MWK
05 February 20241 IRR = 0.0403 MWK
06 February 20241 IRR = 0.0400 MWK
07 February 20241 IRR = 0.0397 MWK
08 February 20241 IRR = 0.0397 MWK
09 February 20241 IRR = 0.0397 MWK
12 February 20241 IRR = 0.0400 MWK
13 February 20241 IRR = 0.0397 MWK
14 February 20241 IRR = 0.0397 MWK
15 February 20241 IRR = 0.0397 MWK
16 February 20241 IRR = 0.0397 MWK
17 February 20241 IRR = 0.0397 MWK
18 February 20241 IRR = 0.0397 MWK
19 February 20241 IRR = 0.0400 MWK
20 February 20241 IRR = 0.0400 MWK
21 February 20241 IRR = 0.0397 MWK
22 February 20241 IRR = 0.0397 MWK
23 February 20241 IRR = 0.0397 MWK
24 February 20241 IRR = 0.0397 MWK
25 February 20241 IRR = 0.0397 MWK
26 February 20241 IRR = 0.0400 MWK
27 February 20241 IRR = 0.0400 MWK
28 February 20241 IRR = 0.0397 MWK
29 February 20241 IRR = 0.0399 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.

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

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.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

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.

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.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

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.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

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.

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.
IRR MWK January 2024
IRR MWK February 2024
IRR MWK March 2024
IRR MWK April 2024
IRR MWK May 2024
IRR MWK June 2024
IRR MWK July 2024
IRR MWK August 2024
IRR MWK September 2024
IRR MWK October 2024
IRR MWK November 2024
IRR MWK December 2024
IRR MWK January 2025