Malawian kwacha south korean won exchange rate history (MWK KRW) October 2023

Malawian kwacha south korean won history for October 2023. The highest quote for this month is 1.2563 (01/10/2023) and the lowest 1.2664 (03/10/2023). The difference between high and low is -0.8.

MWK KRW average rate for October 2023 is 1.19341, the change between 01/10/2023 and 31/10/2023 is +4.78 %.

01 October 2023	1 MWK = 1.256 KRW
02 October 2023	1 MWK = 1.252 KRW
03 October 2023	1 MWK = 1.270 KRW
04 October 2023	1 MWK = 1.256 KRW
05 October 2023	1 MWK = 1.187 KRW
06 October 2023	1 MWK = 1.168 KRW
07 October 2023	1 MWK = 1.164 KRW
09 October 2023	1 MWK = 1.168 KRW
10 October 2023	1 MWK = 1.167 KRW
11 October 2023	1 MWK = 1.175 KRW
12 October 2023	1 MWK = 1.179 KRW
13 October 2023	1 MWK = 1.185 KRW
16 October 2023	1 MWK = 1.170 KRW
17 October 2023	1 MWK = 1.185 KRW
18 October 2023	1 MWK = 1.184 KRW
19 October 2023	1 MWK = 1.178 KRW
20 October 2023	1 MWK = 1.193 KRW
21 October 2023	1 MWK = 1.180 KRW
22 October 2023	1 MWK = 1.180 KRW
23 October 2023	1 MWK = 1.173 KRW
24 October 2023	1 MWK = 1.172 KRW
25 October 2023	1 MWK = 1.191 KRW
26 October 2023	1 MWK = 1.207 KRW
27 October 2023	1 MWK = 1.205 KRW
28 October 2023	1 MWK = 1.191 KRW
29 October 2023	1 MWK = 1.191 KRW
30 October 2023	1 MWK = 1.193 KRW
31 October 2023	1 MWK = 1.196 KRW

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.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

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: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

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.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

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.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.

Historic Malawian kwacha South Korean Won