South Korean Won malawian kwacha exchange rate history (KRW MWK) December 2023

South Korean Won malawian kwacha history for December 2023. The highest quote for this month is 1.2986 (28/12/2023) and the lowest 1.3337 (29/12/2023). The difference between high and low is -2.7.

KRW MWK average rate for December 2023 is 1.28629, the change between 01/12/2023 and 31/12/2023 is -0.64 %.

01 December 2023	1 KRW = 1.296 MWK
02 December 2023	1 KRW = 1.289 MWK
03 December 2023	1 KRW = 1.288 MWK
04 December 2023	1 KRW = 1.294 MWK
05 December 2023	1 KRW = 1.276 MWK
06 December 2023	1 KRW = 1.263 MWK
07 December 2023	1 KRW = 1.280 MWK
08 December 2023	1 KRW = 1.264 MWK
10 December 2023	1 KRW = 1.266 MWK
11 December 2023	1 KRW = 1.278 MWK
12 December 2023	1 KRW = 1.269 MWK
13 December 2023	1 KRW = 1.282 MWK
14 December 2023	1 KRW = 1.292 MWK
15 December 2023	1 KRW = 1.292 MWK
16 December 2023	1 KRW = 1.282 MWK
17 December 2023	1 KRW = 1.282 MWK
18 December 2023	1 KRW = 1.323 MWK
19 December 2023	1 KRW = 1.289 MWK
20 December 2023	1 KRW = 1.284 MWK
21 December 2023	1 KRW = 1.298 MWK
22 December 2023	1 KRW = 1.289 MWK
23 December 2023	1 KRW = 1.285 MWK
24 December 2023	1 KRW = 1.285 MWK
25 December 2023	1 KRW = 1.296 MWK
26 December 2023	1 KRW = 1.299 MWK
27 December 2023	1 KRW = 1.286 MWK
28 December 2023	1 KRW = 1.287 MWK
29 December 2023	1 KRW = 1.304 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.

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.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

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: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

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.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

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.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.

Historic South Korean Won Malawian kwacha