Historic Romanian leu Malawian kwacha

Romanian leu malawian kwacha history for February 2024. The highest quote for this month is 366.58 (27/02/2024) and the lowest 367.64 (27/02/2024). The difference between high and low is -0.29.

RON MWK average rate for February 2024 is 362.74444, the change between 01/02/2024 and 29/02/2024 is -1.21 %.

01 February 20241 RON = 361.7 MWK
02 February 20241 RON = 364.8 MWK
03 February 20241 RON = 361.8 MWK
04 February 20241 RON = 362.1 MWK
05 February 20241 RON = 368.2 MWK
06 February 20241 RON = 363.5 MWK
07 February 20241 RON = 360.5 MWK
08 February 20241 RON = 361.1 MWK
09 February 20241 RON = 361.1 MWK
12 February 20241 RON = 363.7 MWK
13 February 20241 RON = 361.0 MWK
14 February 20241 RON = 358.9 MWK
15 February 20241 RON = 359.7 MWK
16 February 20241 RON = 361.0 MWK
17 February 20241 RON = 361.1 MWK
18 February 20241 RON = 361.1 MWK
19 February 20241 RON = 363.6 MWK
20 February 20241 RON = 364.0 MWK
21 February 20241 RON = 362.4 MWK
22 February 20241 RON = 362.6 MWK
23 February 20241 RON = 362.8 MWK
24 February 20241 RON = 362.8 MWK
25 February 20241 RON = 362.7 MWK
26 February 20241 RON = 365.1 MWK
27 February 20241 RON = 366.9 MWK
28 February 20241 RON = 364.0 MWK
29 February 20241 RON = 366.1 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.

01/04/2019: Romania plans to adopt the euro

The Romanian government announces its intention to join the Eurozone and set a target date for adopting the euro as the 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.

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.

01/06/2005: Currency redenomination

Romania underwent a currency redenomination, with 10,000 old lei being exchanged for 1 new leu, to simplify transactions and eliminate zeros.

01/07/2003: Romania joins EU Accession

As part of joining the European Union, Romania pledges to adopt the euro in the future, aiming for greater economic integration.

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.

28/02/1991: End of communist era

As communism collapsed, Romania undergoes economic reforms and introduces a free-floating exchange rate system for the leu.

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.

30/12/1947: Communist regime introduces new leu

In an attempt to devalue the currency and control the economy, the Communist regime introduces a new leu at a ratio of 1:20,000.

01/03/1901: Introduction of the gold standard

Romanian leu was tied to the gold standard, ensuring the stability of the currency and attracting foreign investments.

01/04/1867: Creation of the Romanian leu

The leu was established as the official currency of Romania, replacing the previous currencies in circulation.
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