Historic Malawian kwacha Namibian dollar

Malawian kwacha namibian dollar history for August 2023. The highest quote for this month is 0.018262 (15/08/2023) and the lowest 0.017968 (18/08/2023). The difference between high and low is 1.61.

MWK NAD average rate for August 2023 is 0.01747, the change between 01/08/2023 and 31/08/2023 is -1.31 %.

01 August 20231 MWK = 0.0172 NAD
02 August 20231 MWK = 0.0172 NAD
03 August 20231 MWK = 0.0170 NAD
04 August 20231 MWK = 0.0177 NAD
07 August 20231 MWK = 0.0176 NAD
08 August 20231 MWK = 0.0169 NAD
09 August 20231 MWK = 0.0169 NAD
10 August 20231 MWK = 0.0169 NAD
11 August 20231 MWK = 0.0169 NAD
12 August 20231 MWK = 0.0177 NAD
14 August 20231 MWK = 0.0172 NAD
15 August 20231 MWK = 0.0176 NAD
16 August 20231 MWK = 0.0179 NAD
17 August 20231 MWK = 0.0178 NAD
18 August 20231 MWK = 0.0180 NAD
19 August 20231 MWK = 0.0177 NAD
20 August 20231 MWK = 0.0177 NAD
21 August 20231 MWK = 0.0177 NAD
22 August 20231 MWK = 0.0179 NAD
23 August 20231 MWK = 0.0178 NAD
24 August 20231 MWK = 0.0176 NAD
25 August 20231 MWK = 0.0177 NAD
28 August 20231 MWK = 0.0175 NAD
29 August 20231 MWK = 0.0174 NAD
30 August 20231 MWK = 0.0174 NAD
31 August 20231 MWK = 0.0175 NAD

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.

26/01/2016: New N$100 and N$200 Banknotes Introduced

Namibia introduced new banknotes of N$100 and N$200 denominations to address the need for higher-value currency in the growing economy.

30/08/2012: Introduction of N$10 Commemorative Banknote

Namibia introduced a commemorative banknote of N$10 to celebrate the centenary of the country's struggle for independence.

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: Financial Crisis Impact

Due to the global financial crisis, the Namibian dollar experienced a depreciation against major currencies, affecting the country's economy.

01/01/2002: Replacement of Old Banknotes

Old banknotes of the Namibian dollar were demonetized, and new banknotes became the only valid currency.

10/04/2000: Introduction of New Kwacha Banknotes

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

01/06/1999: Introduction of New Banknotes and Coins

New series of banknotes and coins were introduced in Namibia, featuring indigenous wildlife and cultural symbols.

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.

30/08/1993: Dollarization of Namibia

Namibia adopted the Namibian dollar as its sole legal tender, replacing the South African rand as the official currency.

21/03/1990: Independence of Namibia

Namibia gained independence from South Africa, leading to the introduction of the Namibian dollar as the official currency of the newly established country.

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.