Historic Malawian kwacha Namibian dollar

Malawian kwacha namibian dollar history for January 2024. The highest quote for this month is 0.011417 (23/01/2024) and the lowest 0.011513 (23/01/2024). The difference between high and low is -0.84.

MWK NAD average rate for January 2024 is 0.01123, the change between 01/01/2024 and 31/01/2024 is -3.39 %.

01 January 20241 MWK = 0.0109 NAD
02 January 20241 MWK = 0.0110 NAD
03 January 20241 MWK = 0.0111 NAD
04 January 20241 MWK = 0.0112 NAD
05 January 20241 MWK = 0.0112 NAD
06 January 20241 MWK = 0.0113 NAD
07 January 20241 MWK = 0.0112 NAD
08 January 20241 MWK = 0.0112 NAD
09 January 20241 MWK = 0.0112 NAD
10 January 20241 MWK = 0.0111 NAD
11 January 20241 MWK = 0.0112 NAD
12 January 20241 MWK = 0.0111 NAD
14 January 20241 MWK = 0.0112 NAD
15 January 20241 MWK = 0.0111 NAD
16 January 20241 MWK = 0.0111 NAD
17 January 20241 MWK = 0.0111 NAD
18 January 20241 MWK = 0.0114 NAD
19 January 20241 MWK = 0.0114 NAD
22 January 20241 MWK = 0.0113 NAD
23 January 20241 MWK = 0.0115 NAD
24 January 20241 MWK = 0.0115 NAD
25 January 20241 MWK = 0.0114 NAD
26 January 20241 MWK = 0.0113 NAD
28 January 20241 MWK = 0.0113 NAD
29 January 20241 MWK = 0.0112 NAD
30 January 20241 MWK = 0.0113 NAD
31 January 20241 MWK = 0.0113 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.