Historic Malawian kwacha Pound sterling

Malawian kwacha pound sterling history for June 2023. The highest quote for this month is 0.00079 (06/06/2023) and the lowest 0.000798 (07/06/2023). The difference between high and low is -1.01.

MWK GBP average rate for June 2023 is 0.00078, the change between 01/06/2023 and 30/06/2023 is +4.14 %.

01 June 20231 MWK = 0.0008 GBP
02 June 20231 MWK = 0.0008 GBP
05 June 20231 MWK = 0.0008 GBP
06 June 20231 MWK = 0.0008 GBP
07 June 20231 MWK = 0.0008 GBP
08 June 20231 MWK = 0.0008 GBP
09 June 20231 MWK = 0.0008 GBP
12 June 20231 MWK = 0.0008 GBP
13 June 20231 MWK = 0.0008 GBP
14 June 20231 MWK = 0.0008 GBP
15 June 20231 MWK = 0.0008 GBP
16 June 20231 MWK = 0.0008 GBP
19 June 20231 MWK = 0.0008 GBP
20 June 20231 MWK = 0.0008 GBP
21 June 20231 MWK = 0.0008 GBP
22 June 20231 MWK = 0.0008 GBP
23 June 20231 MWK = 0.0008 GBP
26 June 20231 MWK = 0.0008 GBP
27 June 20231 MWK = 0.0008 GBP
28 June 20231 MWK = 0.0008 GBP
29 June 20231 MWK = 0.0008 GBP
30 June 20231 MWK = 0.0008 GBP

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.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

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.

10/04/2000: Introduction of New Kwacha Banknotes

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

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

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.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

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.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.