Historic Malawian kwacha Tongan paʻanga

Malawian kwacha tongan paʻanga history for January 2024. The highest quote for this month is 0.001409 (28/01/2024) and the lowest 0.001409 (28/01/2024). The difference between high and low is 0.

MWK TOP average rate for January 2024 is 0.0014, the change between 01/01/2024 and 31/01/2024 is -3.14 %.

01 January 20241 MWK = 0.0014 TOP
02 January 20241 MWK = 0.0014 TOP
03 January 20241 MWK = 0.0014 TOP
04 January 20241 MWK = 0.0014 TOP
05 January 20241 MWK = 0.0014 TOP
06 January 20241 MWK = 0.0014 TOP
07 January 20241 MWK = 0.0014 TOP
08 January 20241 MWK = 0.0014 TOP
09 January 20241 MWK = 0.0014 TOP
10 January 20241 MWK = 0.0014 TOP
11 January 20241 MWK = 0.0014 TOP
12 January 20241 MWK = 0.0014 TOP
14 January 20241 MWK = 0.0014 TOP
15 January 20241 MWK = 0.0014 TOP
16 January 20241 MWK = 0.0014 TOP
17 January 20241 MWK = 0.0014 TOP
18 January 20241 MWK = 0.0014 TOP
19 January 20241 MWK = 0.0014 TOP
22 January 20241 MWK = 0.0014 TOP
23 January 20241 MWK = 0.0014 TOP
24 January 20241 MWK = 0.0014 TOP
25 January 20241 MWK = 0.0014 TOP
26 January 20241 MWK = 0.0014 TOP
28 January 20241 MWK = 0.0014 TOP
29 January 20241 MWK = 0.0014 TOP
30 January 20241 MWK = 0.0014 TOP
31 January 20241 MWK = 0.0014 TOP

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.

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

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.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

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.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

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.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

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.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national currency.

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.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.
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