Malawian kwacha somali shilling history for July 2023. The highest quote for this month is 0.5397 (03/07/2023) and the lowest 0.54792 (07/07/2023). The difference between high and low is -1.52.
MWK SOS average rate for July 2023 is 0.54444, the change between 01/07/2023 and 31/07/2023 is +0.32 %.
| 03 July 2023 | 1 MWK = 0.5427 SOS |
| 04 July 2023 | 1 MWK = 0.5459 SOS |
| 05 July 2023 | 1 MWK = 0.5389 SOS |
| 06 July 2023 | 1 MWK = 0.5454 SOS |
| 07 July 2023 | 1 MWK = 0.5454 SOS |
| 10 July 2023 | 1 MWK = 0.5424 SOS |
| 11 July 2023 | 1 MWK = 0.5463 SOS |
| 12 July 2023 | 1 MWK = 0.5474 SOS |
| 13 July 2023 | 1 MWK = 0.5485 SOS |
| 14 July 2023 | 1 MWK = 0.5469 SOS |
| 17 July 2023 | 1 MWK = 0.5401 SOS |
| 18 July 2023 | 1 MWK = 0.5459 SOS |
| 19 July 2023 | 1 MWK = 0.5474 SOS |
| 20 July 2023 | 1 MWK = 0.5474 SOS |
| 21 July 2023 | 1 MWK = 0.5390 SOS |
| 24 July 2023 | 1 MWK = 0.5395 SOS |
| 25 July 2023 | 1 MWK = 0.5463 SOS |
| 26 July 2023 | 1 MWK = 0.5463 SOS |
| 27 July 2023 | 1 MWK = 0.5454 SOS |
| 28 July 2023 | 1 MWK = 0.5454 SOS |
| 31 July 2023 | 1 MWK = 0.5409 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.