Historic Malawian kwacha Tanzanian Shilling

Malawian kwacha tanzanian shilling history for January 2024. The highest quote for this month is 1.5233 (28/01/2024) and the lowest 1.5233 (28/01/2024). The difference between high and low is 0.

MWK TZS average rate for January 2024 is 1.50113, the change between 01/01/2024 and 31/01/2024 is -3.81 %.

01 January 20241 MWK = 1.472 TZS
02 January 20241 MWK = 1.472 TZS
03 January 20241 MWK = 1.511 TZS
04 January 20241 MWK = 1.511 TZS
05 January 20241 MWK = 1.510 TZS
06 January 20241 MWK = 1.507 TZS
07 January 20241 MWK = 1.507 TZS
08 January 20241 MWK = 1.471 TZS
09 January 20241 MWK = 1.510 TZS
10 January 20241 MWK = 1.498 TZS
11 January 20241 MWK = 1.510 TZS
12 January 20241 MWK = 1.497 TZS
14 January 20241 MWK = 1.505 TZS
15 January 20241 MWK = 1.470 TZS
16 January 20241 MWK = 1.496 TZS
17 January 20241 MWK = 1.473 TZS
18 January 20241 MWK = 1.517 TZS
19 January 20241 MWK = 1.511 TZS
22 January 20241 MWK = 1.470 TZS
23 January 20241 MWK = 1.513 TZS
24 January 20241 MWK = 1.511 TZS
25 January 20241 MWK = 1.513 TZS
26 January 20241 MWK = 1.511 TZS
28 January 20241 MWK = 1.523 TZS
29 January 20241 MWK = 1.488 TZS
30 January 20241 MWK = 1.528 TZS
31 January 20241 MWK = 1.528 TZS

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.