Historic Malawian kwacha Eritrean nakfa

Malawian kwacha eritrean nakfa history for January 2024. The highest quote for this month is 0.009042 (06/01/2024) and the lowest 0.009046 (25/01/2024). The difference between high and low is -0.04.

MWK ERN average rate for January 2024 is 0.00902, the change between 01/01/2024 and 31/01/2024 is -0.89 %.

01 January 20241 MWK = 0.0090 ERN
02 January 20241 MWK = 0.0089 ERN
03 January 20241 MWK = 0.0090 ERN
04 January 20241 MWK = 0.0091 ERN
05 January 20241 MWK = 0.0090 ERN
06 January 20241 MWK = 0.0090 ERN
07 January 20241 MWK = 0.0090 ERN
08 January 20241 MWK = 0.0090 ERN
09 January 20241 MWK = 0.0090 ERN
10 January 20241 MWK = 0.0090 ERN
11 January 20241 MWK = 0.0090 ERN
12 January 20241 MWK = 0.0090 ERN
14 January 20241 MWK = 0.0090 ERN
15 January 20241 MWK = 0.0090 ERN
16 January 20241 MWK = 0.0090 ERN
17 January 20241 MWK = 0.0089 ERN
18 January 20241 MWK = 0.0091 ERN
19 January 20241 MWK = 0.0090 ERN
22 January 20241 MWK = 0.0090 ERN
23 January 20241 MWK = 0.0090 ERN
24 January 20241 MWK = 0.0091 ERN
25 January 20241 MWK = 0.0090 ERN
26 January 20241 MWK = 0.0091 ERN
28 January 20241 MWK = 0.0090 ERN
29 January 20241 MWK = 0.0090 ERN
30 January 20241 MWK = 0.0090 ERN
31 January 20241 MWK = 0.0090 ERN

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.

08/04/2020: COVID-19 impact on currency circulation

Due to the COVID-19 pandemic, circulation of nakfa banknotes decreased as people relied more on digital transactions.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

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.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

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.

14/11/2005: Currency redenomination

The Eritrean nakfa underwent a redenomination where old nakfa notes were replaced with new nakfa notes in a ratio of 1:1,000.

10/04/2000: Introduction of New Kwacha Banknotes

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

08/11/1997: Introduction of the Eritrean nakfa

The Eritrean nakfa was introduced as the official currency of Eritrea, replacing the Ethiopian birr.

08/11/1997: Currency exchange rate fixed

The Eritrean nakfa was fixed at an exchange rate of 1 USD = 10 ERN.

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.

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.
MWK ERN July 2023
MWK ERN August 2023
MWK ERN September 2023
MWK ERN October 2023
MWK ERN November 2023
MWK ERN December 2023
MWK ERN January 2024
MWK ERN February 2024
MWK ERN March 2024
MWK ERN April 2024
MWK ERN May 2024
MWK ERN June 2024
MWK ERN July 2024