Historic Singapore dollar Malawian kwacha

Singapore dollar malawian kwacha history for February 2024. The highest quote for this month is 1258.64 (05/02/2024) and the lowest 1251.29 (22/02/2024). The difference between high and low is 0.58.

SGD MWK average rate for February 2024 is 1242.66, the change between 01/02/2024 and 29/02/2024 is -0.31 %.

01 February 20241 SGD = 1241.41 MWK
02 February 20241 SGD = 1246.46 MWK
03 February 20241 SGD = 1241.98 MWK
04 February 20241 SGD = 1242.35 MWK
05 February 20241 SGD = 1261.69 MWK
06 February 20241 SGD = 1248.39 MWK
07 February 20241 SGD = 1239.90 MWK
08 February 20241 SGD = 1240.27 MWK
09 February 20241 SGD = 1237.00 MWK
12 February 20241 SGD = 1247.46 MWK
13 February 20241 SGD = 1238.88 MWK
14 February 20241 SGD = 1233.11 MWK
15 February 20241 SGD = 1236.13 MWK
16 February 20241 SGD = 1238.15 MWK
17 February 20241 SGD = 1238.47 MWK
18 February 20241 SGD = 1238.01 MWK
19 February 20241 SGD = 1248.62 MWK
20 February 20241 SGD = 1247.38 MWK
21 February 20241 SGD = 1239.89 MWK
22 February 20241 SGD = 1239.67 MWK
23 February 20241 SGD = 1241.15 MWK
24 February 20241 SGD = 1240.77 MWK
25 February 20241 SGD = 1241.14 MWK
26 February 20241 SGD = 1249.30 MWK
27 February 20241 SGD = 1249.26 MWK
28 February 20241 SGD = 1239.66 MWK
29 February 20241 SGD = 1245.32 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.
SGD MWK July 2023
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SGD MWK February 2024
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