Malawian kwacha rwandan franc exchange rate history (MWK RWF) November 2023

Malawian kwacha rwandan franc history for November 2023. The highest quote for this month is 1.0999 (09/11/2023) and the lowest 1.1048 (10/11/2023). The difference between high and low is -0.45.

MWK RWF average rate for November 2023 is 0.84791, the change between 01/11/2023 and 30/11/2023 is +31.62 %.

01 November 2023	1 MWK = 1.080 RWF
02 November 2023	1 MWK = 1.074 RWF
03 November 2023	1 MWK = 1.090 RWF
06 November 2023	1 MWK = 1.081 RWF
07 November 2023	1 MWK = 1.102 RWF
08 November 2023	1 MWK = 1.102 RWF
09 November 2023	1 MWK = 1.103 RWF
10 November 2023	1 MWK = 1.111 RWF
13 November 2023	1 MWK = 0.7237 RWF
14 November 2023	1 MWK = 0.7324 RWF
15 November 2023	1 MWK = 0.7265 RWF
16 November 2023	1 MWK = 0.7351 RWF
17 November 2023	1 MWK = 0.7357 RWF
18 November 2023	1 MWK = 0.7349 RWF
19 November 2023	1 MWK = 0.7349 RWF
20 November 2023	1 MWK = 0.7261 RWF
21 November 2023	1 MWK = 0.7346 RWF
22 November 2023	1 MWK = 0.7340 RWF
23 November 2023	1 MWK = 0.7288 RWF
24 November 2023	1 MWK = 0.7277 RWF
26 November 2023	1 MWK = 0.7376 RWF
27 November 2023	1 MWK = 0.7278 RWF
28 November 2023	1 MWK = 0.7374 RWF
29 November 2023	1 MWK = 0.7385 RWF
30 November 2023	1 MWK = 0.7385 RWF

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

10/04/2000: Introduction of New Kwacha Banknotes

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

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

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.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

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.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

Historic Malawian kwacha Rwandan franc