Historic Panamanian Balboa Malawian kwacha

Panamanian Balboa malawian kwacha history for January 2024. The highest quote for this month is 1719.33 (30/01/2024) and the lowest 1719.43 (29/01/2024). The difference between high and low is -0.01.

PAB MWK average rate for January 2024 is 1704.28407, the change between 01/01/2024 and 31/01/2024 is +0.77 %.

01 January 20241 PAB = 1718.64 MWK
02 January 20241 PAB = 1718.64 MWK
03 January 20241 PAB = 1702.30 MWK
04 January 20241 PAB = 1704.42 MWK
05 January 20241 PAB = 1705.11 MWK
06 January 20241 PAB = 1666.74 MWK
07 January 20241 PAB = 1666.74 MWK
08 January 20241 PAB = 1718.99 MWK
09 January 20241 PAB = 1705.86 MWK
10 January 20241 PAB = 1718.97 MWK
11 January 20241 PAB = 1705.06 MWK
12 January 20241 PAB = 1718.78 MWK
14 January 20241 PAB = 1666.73 MWK
15 January 20241 PAB = 1718.97 MWK
16 January 20241 PAB = 1719.12 MWK
17 January 20241 PAB = 1718.98 MWK
18 January 20241 PAB = 1703.18 MWK
19 January 20241 PAB = 1703.15 MWK
22 January 20241 PAB = 1719.28 MWK
23 January 20241 PAB = 1705.67 MWK
24 January 20241 PAB = 1704.00 MWK
25 January 20241 PAB = 1705.37 MWK
26 January 20241 PAB = 1703.31 MWK
28 January 20241 PAB = 1666.73 MWK
29 January 20241 PAB = 1719.22 MWK
30 January 20241 PAB = 1706.25 MWK
31 January 20241 PAB = 1705.46 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 December 2023
PAB MWK January 2024
PAB MWK February 2024
PAB MWK March 2024
PAB MWK April 2024
PAB MWK May 2024
PAB MWK June 2024
PAB MWK July 2024
PAB MWK August 2024
PAB MWK September 2024
PAB MWK October 2024
PAB MWK November 2024
PAB MWK December 2024