Malawian kwacha somali shilling history for October 2023. The highest quote for this month is 0.52314 (02/10/2023) and the lowest 0.53146 (02/10/2023). The difference between high and low is -1.59.
MWK SOS average rate for October 2023 is 0.50205, the change between 01/10/2023 and 31/10/2023 is +3.87 %.
| 02 October 2023 | 1 MWK = 0.5243 SOS |
| 03 October 2023 | 1 MWK = 0.5310 SOS |
| 04 October 2023 | 1 MWK = 0.5229 SOS |
| 05 October 2023 | 1 MWK = 0.4974 SOS |
| 06 October 2023 | 1 MWK = 0.4912 SOS |
| 09 October 2023 | 1 MWK = 0.4920 SOS |
| 10 October 2023 | 1 MWK = 0.4905 SOS |
| 11 October 2023 | 1 MWK = 0.4956 SOS |
| 12 October 2023 | 1 MWK = 0.5036 SOS |
| 13 October 2023 | 1 MWK = 0.5023 SOS |
| 16 October 2023 | 1 MWK = 0.4913 SOS |
| 17 October 2023 | 1 MWK = 0.4996 SOS |
| 18 October 2023 | 1 MWK = 0.4969 SOS |
| 19 October 2023 | 1 MWK = 0.4938 SOS |
| 20 October 2023 | 1 MWK = 0.4996 SOS |
| 23 October 2023 | 1 MWK = 0.4939 SOS |
| 24 October 2023 | 1 MWK = 0.4987 SOS |
| 25 October 2023 | 1 MWK = 0.5036 SOS |
| 26 October 2023 | 1 MWK = 0.5067 SOS |
| 27 October 2023 | 1 MWK = 0.5067 SOS |
| 30 October 2023 | 1 MWK = 0.5000 SOS |
| 31 October 2023 | 1 MWK = 0.5040 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.