Malawian kwacha egyptian pound exchange rate history (MWK EGP) November 2023

Malawian kwacha egyptian pound history for November 2023. The highest quote for this month is 0.027884 (09/11/2023) and the lowest 0.028052 (10/11/2023). The difference between high and low is -0.6.

MWK EGP average rate for November 2023 is 0.02141, the change between 01/11/2023 and 30/11/2023 is +32.34 %.

01 November 2023	1 MWK = 0.0274 EGP
02 November 2023	1 MWK = 0.0272 EGP
03 November 2023	1 MWK = 0.0276 EGP
06 November 2023	1 MWK = 0.0274 EGP
07 November 2023	1 MWK = 0.0279 EGP
08 November 2023	1 MWK = 0.0278 EGP
09 November 2023	1 MWK = 0.0279 EGP
10 November 2023	1 MWK = 0.0281 EGP
13 November 2023	1 MWK = 0.0184 EGP
14 November 2023	1 MWK = 0.0184 EGP
15 November 2023	1 MWK = 0.0183 EGP
16 November 2023	1 MWK = 0.0186 EGP
17 November 2023	1 MWK = 0.0186 EGP
18 November 2023	1 MWK = 0.0185 EGP
19 November 2023	1 MWK = 0.0185 EGP
20 November 2023	1 MWK = 0.0184 EGP
21 November 2023	1 MWK = 0.0185 EGP
22 November 2023	1 MWK = 0.0185 EGP
23 November 2023	1 MWK = 0.0184 EGP
24 November 2023	1 MWK = 0.0184 EGP
26 November 2023	1 MWK = 0.0185 EGP
27 November 2023	1 MWK = 0.0183 EGP
28 November 2023	1 MWK = 0.0185 EGP
29 November 2023	1 MWK = 0.0185 EGP
30 November 2023	1 MWK = 0.0185 EGP

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

10/04/2000: Introduction of New Kwacha Banknotes

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

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

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.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

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.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.

Historic Malawian kwacha Egyptian Pound