Malawian kwacha somali shilling history for March 2024. The highest quote for this month is 0.36798 (12/03/2024) and the lowest 0.36798 (12/03/2024). The difference between high and low is 0.
MWK SOS average rate for March 2024 is 0.34292, the change between 01/03/2024 and 31/03/2024 is -7.93 %.
| 01 March 2024 | 1 MWK = 0.3409 SOS |
| 04 March 2024 | 1 MWK = 0.3393 SOS |
| 05 March 2024 | 1 MWK = 0.3381 SOS |
| 06 March 2024 | 1 MWK = 0.3381 SOS |
| 07 March 2024 | 1 MWK = 0.3409 SOS |
| 08 March 2024 | 1 MWK = 0.3396 SOS |
| 11 March 2024 | 1 MWK = 0.3385 SOS |
| 12 March 2024 | 1 MWK = 0.3680 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.