Panamanian Balboa malawian kwacha exchange rate history (PAB MWK) October 2023

Panamanian Balboa malawian kwacha history for October 2023. The highest quote for this month is 1186.6 (03/10/2023) and the lowest 1183.74 (09/10/2023). The difference between high and low is 0.24.

PAB MWK average rate for October 2023 is 1153.28571, the change between 01/10/2023 and 31/10/2023 is -7.35 %.

01 October 2023	1 PAB = 1076.06 MWK
02 October 2023	1 PAB = 1103.29 MWK
03 October 2023	1 PAB = 1091.24 MWK
04 October 2023	1 PAB = 1108.55 MWK
05 October 2023	1 PAB = 1166.83 MWK
06 October 2023	1 PAB = 1183.66 MWK
07 October 2023	1 PAB = 1154.74 MWK
09 October 2023	1 PAB = 1183.70 MWK
10 October 2023	1 PAB = 1182.34 MWK
11 October 2023	1 PAB = 1169.01 MWK
12 October 2023	1 PAB = 1162.24 MWK
13 October 2023	1 PAB = 1165.32 MWK
16 October 2023	1 PAB = 1183.77 MWK
17 October 2023	1 PAB = 1164.22 MWK
18 October 2023	1 PAB = 1172.24 MWK
19 October 2023	1 PAB = 1178.15 MWK
20 October 2023	1 PAB = 1165.02 MWK
21 October 2023	1 PAB = 1143.86 MWK
22 October 2023	1 PAB = 1143.83 MWK
23 October 2023	1 PAB = 1180.07 MWK
24 October 2023	1 PAB = 1166.89 MWK
25 October 2023	1 PAB = 1155.10 MWK
26 October 2023	1 PAB = 1148.00 MWK
27 October 2023	1 PAB = 1148.01 MWK
28 October 2023	1 PAB = 1137.29 MWK
29 October 2023	1 PAB = 1137.29 MWK
30 October 2023	1 PAB = 1166.12 MWK
31 October 2023	1 PAB = 1155.16 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.

Historic Panamanian Balboa Malawian kwacha