Historic Panamanian Balboa Malawian kwacha

Panamanian Balboa malawian kwacha history for December 2023. The highest quote for this month is 1719.63 (12/12/2023) and the lowest 1719.48 (13/12/2023). The difference between high and low is 0.01.

PAB MWK average rate for December 2023 is 1699.94, the change between 01/12/2023 and 31/12/2023 is +1.36 %.

01 December 20231 PAB = 1719.04 MWK
02 December 20231 PAB = 1666.73 MWK
03 December 20231 PAB = 1666.73 MWK
04 December 20231 PAB = 1719.02 MWK
05 December 20231 PAB = 1707.40 MWK
06 December 20231 PAB = 1698.28 MWK
07 December 20231 PAB = 1720.73 MWK
08 December 20231 PAB = 1697.13 MWK
10 December 20231 PAB = 1666.76 MWK
11 December 20231 PAB = 1719.45 MWK
12 December 20231 PAB = 1705.13 MWK
13 December 20231 PAB = 1719.50 MWK
14 December 20231 PAB = 1708.44 MWK
15 December 20231 PAB = 1708.68 MWK
16 December 20231 PAB = 1666.73 MWK
17 December 20231 PAB = 1666.73 MWK
18 December 20231 PAB = 1718.98 MWK
19 December 20231 PAB = 1719.01 MWK
20 December 20231 PAB = 1706.31 MWK
21 December 20231 PAB = 1722.70 MWK
22 December 20231 PAB = 1704.23 MWK
23 December 20231 PAB = 1666.74 MWK
24 December 20231 PAB = 1666.74 MWK
25 December 20231 PAB = 1718.63 MWK
26 December 20231 PAB = 1718.63 MWK
27 December 20231 PAB = 1699.56 MWK
28 December 20231 PAB = 1704.65 MWK
29 December 20231 PAB = 1695.66 MWK

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.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

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.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

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.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.
PAB MWK July 2023
PAB MWK August 2023
PAB MWK September 2023
PAB MWK October 2023
PAB MWK November 2023
PAB MWK December 2023
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