Historic Malawian kwacha Cape Verdean escudo

Malawian kwacha cape verdean escudo history for February 2024. The highest quote for this month is 0.061528 (17/02/2024) and the lowest 0.061765 (14/02/2024). The difference between high and low is -0.39.

MWK CVE average rate for February 2024 is 0.06115, the change between 01/02/2024 and 29/02/2024 is +0.5 %.

01 February 20241 MWK = 0.0610 CVE
02 February 20241 MWK = 0.0610 CVE
03 February 20241 MWK = 0.0613 CVE
04 February 20241 MWK = 0.0613 CVE
05 February 20241 MWK = 0.0603 CVE
06 February 20241 MWK = 0.0610 CVE
07 February 20241 MWK = 0.0616 CVE
08 February 20241 MWK = 0.0615 CVE
09 February 20241 MWK = 0.0614 CVE
12 February 20241 MWK = 0.0609 CVE
13 February 20241 MWK = 0.0614 CVE
14 February 20241 MWK = 0.0618 CVE
15 February 20241 MWK = 0.0617 CVE
16 February 20241 MWK = 0.0615 CVE
17 February 20241 MWK = 0.0615 CVE
18 February 20241 MWK = 0.0615 CVE
19 February 20241 MWK = 0.0609 CVE
20 February 20241 MWK = 0.0609 CVE
21 February 20241 MWK = 0.0612 CVE
22 February 20241 MWK = 0.0612 CVE
23 February 20241 MWK = 0.0611 CVE
24 February 20241 MWK = 0.0611 CVE
25 February 20241 MWK = 0.0611 CVE
26 February 20241 MWK = 0.0606 CVE
27 February 20241 MWK = 0.0605 CVE
28 February 20241 MWK = 0.0610 CVE
29 February 20241 MWK = 0.0607 CVE

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.

04/05/2020: COVID-19 impact on currency

The outbreak of COVID-19 and its economic consequences led to a depreciation of the Cape Verdean escudo against major international currencies due to reduced tourism and economic activity.

30/09/2017: New escudo banknotes issued

Cape Verde introduced a new series of banknotes for the escudo, featuring enhanced security features, updated designs, and improved durability.

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.

31/12/2014: End of the peg to the euro

Cape Verde decided to abandon the peg to the euro, shifting to a managed float exchange rate system to allow the currency to fluctuate based on market forces.

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.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

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: Currency pegged to the euro

The Cape Verdean escudo was pegged to the euro at a fixed exchange rate of 1 euro = 110.265 CVE, ensuring stability and facilitating trade.

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.

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.

17/11/1977: Introduction of the new escudo

A new version of the Cape Verdean escudo was introduced, replacing the previous version with a new design and updated security features.

05/07/1975: Independence of Cape Verde

The Cape Verdean escudo (CVE) was officially adopted as the currency of Cape Verde upon gaining independence from Portugal.

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.