Historic Malawian kwacha Burundian Franc

Malawian kwacha burundian franc history for February 2024. The highest quote for this month is 1.7048 (24/02/2024) and the lowest 1.7048 (24/02/2024). The difference between high and low is 0.

MWK BIF average rate for February 2024 is 1.69816, the change between 01/02/2024 and 29/02/2024 is +1 %.

01 February 20241 MWK = 1.703 BIF
02 February 20241 MWK = 1.701 BIF
03 February 20241 MWK = 1.703 BIF
04 February 20241 MWK = 1.703 BIF
05 February 20241 MWK = 1.684 BIF
06 February 20241 MWK = 1.684 BIF
07 February 20241 MWK = 1.704 BIF
08 February 20241 MWK = 1.703 BIF
09 February 20241 MWK = 1.701 BIF
12 February 20241 MWK = 1.684 BIF
13 February 20241 MWK = 1.704 BIF
14 February 20241 MWK = 1.704 BIF
15 February 20241 MWK = 1.703 BIF
16 February 20241 MWK = 1.705 BIF
17 February 20241 MWK = 1.704 BIF
18 February 20241 MWK = 1.704 BIF
19 February 20241 MWK = 1.685 BIF
20 February 20241 MWK = 1.685 BIF
21 February 20241 MWK = 1.705 BIF
22 February 20241 MWK = 1.704 BIF
23 February 20241 MWK = 1.705 BIF
24 February 20241 MWK = 1.705 BIF
25 February 20241 MWK = 1.705 BIF
26 February 20241 MWK = 1.685 BIF
27 February 20241 MWK = 1.691 BIF
28 February 20241 MWK = 1.705 BIF
29 February 20241 MWK = 1.686 BIF

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.

29/06/2018: East African Community Currency Integration

Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.

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.

17/10/2011: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.

30/06/2003: Second Currency Revaluation

The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.

10/04/2000: Introduction of New Kwacha Banknotes

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

30/04/1995: Printing of Banknotes

The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.

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.

20/10/1990: Introduction of New Coins

New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.

22/09/1985: First Currency Revaluation

The Burundian Franc is significantly devalued as part of a currency revaluation program.

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.

30/06/1960: Independence from Belgium

Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.
MWK BIF July 2023
MWK BIF August 2023
MWK BIF September 2023
MWK BIF October 2023
MWK BIF November 2023
MWK BIF December 2023
MWK BIF January 2024
MWK BIF February 2024
MWK BIF March 2024
MWK BIF April 2024
MWK BIF May 2024
MWK BIF June 2024
MWK BIF July 2024