Malawian kwacha somali shilling history for August 2023. The highest quote for this month is 0.54052 (04/08/2023) and the lowest 0.54537 (01/08/2023). The difference between high and low is -0.9.
MWK SOS average rate for August 2023 is 0.53064, the change between 01/08/2023 and 31/08/2023 is +3.71 %.
| 01 August 2023 | 1 MWK = 0.5454 SOS |
| 02 August 2023 | 1 MWK = 0.5459 SOS |
| 03 August 2023 | 1 MWK = 0.5389 SOS |
| 04 August 2023 | 1 MWK = 0.5469 SOS |
| 07 August 2023 | 1 MWK = 0.5442 SOS |
| 08 August 2023 | 1 MWK = 0.5239 SOS |
| 09 August 2023 | 1 MWK = 0.5238 SOS |
| 10 August 2023 | 1 MWK = 0.5235 SOS |
| 11 August 2023 | 1 MWK = 0.5235 SOS |
| 14 August 2023 | 1 MWK = 0.5213 SOS |
| 15 August 2023 | 1 MWK = 0.5325 SOS |
| 16 August 2023 | 1 MWK = 0.5305 SOS |
| 17 August 2023 | 1 MWK = 0.5290 SOS |
| 18 August 2023 | 1 MWK = 0.5315 SOS |
| 21 August 2023 | 1 MWK = 0.5241 SOS |
| 22 August 2023 | 1 MWK = 0.5325 SOS |
| 23 August 2023 | 1 MWK = 0.5300 SOS |
| 24 August 2023 | 1 MWK = 0.5290 SOS |
| 25 August 2023 | 1 MWK = 0.5320 SOS |
| 28 August 2023 | 1 MWK = 0.5261 SOS |
| 29 August 2023 | 1 MWK = 0.5223 SOS |
| 30 August 2023 | 1 MWK = 0.5228 SOS |
| 31 August 2023 | 1 MWK = 0.5252 SOS |
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.
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.
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.