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 January 2024
SGD MWK February 2024
SGD MWK March 2024
SGD MWK April 2024
SGD MWK May 2024
SGD MWK June 2024
SGD MWK July 2024
SGD MWK August 2024
SGD MWK September 2024
SGD MWK October 2024
SGD MWK November 2024
SGD MWK December 2024
SGD MWK January 2025