Historic Malawian kwacha Iranian Rial

Malawian kwacha iranian rial history for October 2023. The highest quote for this month is 39.031 (01/10/2023) and the lowest 39.437 (02/10/2023). The difference between high and low is -1.04.

MWK IRR average rate for October 2023 is 37.16015, the change between 01/10/2023 and 31/10/2023 is +4.46 %.

01 October 20231 MWK = 39.03 IRR
02 October 20231 MWK = 38.90 IRR
03 October 20231 MWK = 39.42 IRR
04 October 20231 MWK = 38.80 IRR
05 October 20231 MWK = 36.93 IRR
06 October 20231 MWK = 36.47 IRR
07 October 20231 MWK = 36.37 IRR
09 October 20231 MWK = 36.53 IRR
10 October 20231 MWK = 36.42 IRR
11 October 20231 MWK = 36.80 IRR
12 October 20231 MWK = 37.00 IRR
13 October 20231 MWK = 36.91 IRR
16 October 20231 MWK = 36.35 IRR
17 October 20231 MWK = 36.94 IRR
18 October 20231 MWK = 36.75 IRR
19 October 20231 MWK = 36.53 IRR
20 October 20231 MWK = 36.96 IRR
21 October 20231 MWK = 36.72 IRR
22 October 20231 MWK = 36.72 IRR
23 October 20231 MWK = 36.52 IRR
24 October 20231 MWK = 36.87 IRR
25 October 20231 MWK = 37.23 IRR
26 October 20231 MWK = 37.47 IRR
27 October 20231 MWK = 37.47 IRR
29 October 20231 MWK = 36.93 IRR
30 October 20231 MWK = 37.00 IRR
31 October 20231 MWK = 37.29 IRR

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.

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

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.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

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.

14/06/1994: 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.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

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.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

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.

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.