Malawian kwacha burundian franc exchange rate history (MWK BIF) October 2023

Malawian kwacha burundian franc history for October 2023. The highest quote for this month is 2.6205 (01/10/2023) and the lowest 2.6442 (02/10/2023). The difference between high and low is -0.9.

MWK BIF average rate for October 2023 is 2.46513, the change between 01/10/2023 and 31/10/2023 is +4.48 %.

01 October 2023	1 MWK = 2.621 BIF
02 October 2023	1 MWK = 2.607 BIF
03 October 2023	1 MWK = 2.644 BIF
04 October 2023	1 MWK = 2.603 BIF
05 October 2023	1 MWK = 2.489 BIF
06 October 2023	1 MWK = 2.429 BIF
07 October 2023	1 MWK = 2.442 BIF
09 October 2023	1 MWK = 2.431 BIF
10 October 2023	1 MWK = 2.432 BIF
11 October 2023	1 MWK = 2.470 BIF
12 October 2023	1 MWK = 2.486 BIF
13 October 2023	1 MWK = 2.478 BIF
16 October 2023	1 MWK = 2.432 BIF
17 October 2023	1 MWK = 2.483 BIF
18 October 2023	1 MWK = 2.468 BIF
19 October 2023	1 MWK = 2.444 BIF
20 October 2023	1 MWK = 2.480 BIF
21 October 2023	1 MWK = 2.468 BIF
22 October 2023	1 MWK = 2.468 BIF
23 October 2023	1 MWK = 2.440 BIF
24 October 2023	1 MWK = 2.479 BIF
25 October 2023	1 MWK = 1.792 BIF
26 October 2023	1 MWK = 2.517 BIF
27 October 2023	1 MWK = 2.518 BIF
30 October 2023	1 MWK = 2.471 BIF
31 October 2023	1 MWK = 2.503 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.

Historic Malawian kwacha Burundian Franc