Historic Singapore dollar Malawian kwacha

Singapore dollar malawian kwacha history for December 2023. The highest quote for this month is 1276.12 (29/12/2023) and the lowest 1280.22 (25/12/2023). The difference between high and low is -0.32.

SGD MWK average rate for December 2023 is 1255.04357, the change between 01/12/2023 and 31/12/2023 is -0.46 %.

01 December 20231 SGD = 1256.47 MWK
02 December 20231 SGD = 1250.08 MWK
03 December 20231 SGD = 1249.80 MWK
04 December 20231 SGD = 1261.36 MWK
05 December 20231 SGD = 1247.72 MWK
06 December 20231 SGD = 1237.69 MWK
07 December 20231 SGD = 1253.59 MWK
08 December 20231 SGD = 1238.46 MWK
10 December 20231 SGD = 1243.67 MWK
11 December 20231 SGD = 1254.32 MWK
12 December 20231 SGD = 1240.48 MWK
13 December 20231 SGD = 1252.41 MWK
14 December 20231 SGD = 1252.27 MWK
15 December 20231 SGD = 1256.46 MWK
16 December 20231 SGD = 1251.39 MWK
17 December 20231 SGD = 1251.39 MWK
18 December 20231 SGD = 1266.72 MWK
19 December 20231 SGD = 1260.80 MWK
20 December 20231 SGD = 1254.23 MWK
21 December 20231 SGD = 1264.09 MWK
22 December 20231 SGD = 1255.18 MWK
23 December 20231 SGD = 1259.24 MWK
24 December 20231 SGD = 1259.24 MWK
25 December 20231 SGD = 1272.01 MWK
26 December 20231 SGD = 1269.47 MWK
27 December 20231 SGD = 1257.84 MWK
28 December 20231 SGD = 1262.53 MWK
29 December 20231 SGD = 1262.31 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.

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

01/09/1979: First Devaluation of the Kwacha

The Malawian government devalued the kwacha by 30% in response to economic challenges and to promote exports.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single 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.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.
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