Historic Malawian kwacha Nicaraguan córdoba

Malawian kwacha nicaraguan córdoba history for May 2020. The highest quote for this month is 0.046925 (01/05/2020) and the lowest 0.047032 (01/05/2020). The difference between high and low is -0.23.

MWK NIO average rate for May 2020 is 0.04662, the change between 01/05/2020 and 31/05/2020 is +1.1 %.

01 May 20201 MWK = 0.0471 NIO
04 May 20201 MWK = 0.0474 NIO
05 May 20201 MWK = 0.0464 NIO
06 May 20201 MWK = 0.0466 NIO
07 May 20201 MWK = 0.0468 NIO
08 May 20201 MWK = 0.0473 NIO
11 May 20201 MWK = 0.0469 NIO
12 May 20201 MWK = 0.0462 NIO
13 May 20201 MWK = 0.0462 NIO
14 May 20201 MWK = 0.0462 NIO
15 May 20201 MWK = 0.0466 NIO
18 May 20201 MWK = 0.0467 NIO
19 May 20201 MWK = 0.0469 NIO
20 May 20201 MWK = 0.0462 NIO
21 May 20201 MWK = 0.0465 NIO
22 May 20201 MWK = 0.0466 NIO
25 May 20201 MWK = 0.0469 NIO
26 May 20201 MWK = 0.0455 NIO
27 May 20201 MWK = 0.0466 NIO
28 May 20201 MWK = 0.0466 NIO
29 May 20201 MWK = 0.0466 NIO

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.

20/11/2009: Resumption of issuing Córdoba coins

The Central Bank resumed issuing córdoba coins, reintroducing denominations of 10, 25, and 50 centavos, and 1 córdoba.

01/01/2001: Dollarization

Nicaragua adopted the US dollar as its official currency, effectively ending the era of the Nicaraguan córdoba as the national 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.

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.

04/07/1991: Currency control and unification

The government implemented currency control measures, unifying the exchange rate at 5 córdobas oro per US dollar.

25/04/1991: Córdoba Oro becomes legal tender

The Córdoba Oro was declared as the only legal tender in Nicaragua, replacing the old cordoba.

01/02/1988: Introduction of the Córdoba Oro Currencies

The government introduced the Córdoba Oro as a new currency, replacing the previous currency, with an initial rate of 1 córdoba oro = 1,000 córdobas.

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.

01/03/1932: Córdoba de Oro established

The Córdoba de Oro was introduced, replacing the previous córdoba at a rate of 10,000 to 1.

20/10/1912: Introduction of the Nicaraguan córdoba

The Nicaraguan córdoba was introduced as the official currency of Nicaragua, replacing the peso at a rate of 12.5 córdobas per US dollar.