Somali shilling malawian kwacha history for October 2023. The highest quote for this month is 2.0601 (03/10/2023) and the lowest 2.0384 (09/10/2023). The difference between high and low is 1.05.
SOS MWK average rate for October 2023 is 1.9927, the change between 01/10/2023 and 31/10/2023 is -4.03 %.
02 October 2023 | 1 SOS = 1.907 MWK |
03 October 2023 | 1 SOS = 1.883 MWK |
04 October 2023 | 1 SOS = 1.913 MWK |
05 October 2023 | 1 SOS = 2.011 MWK |
06 October 2023 | 1 SOS = 2.036 MWK |
09 October 2023 | 1 SOS = 2.033 MWK |
10 October 2023 | 1 SOS = 2.039 MWK |
11 October 2023 | 1 SOS = 2.018 MWK |
12 October 2023 | 1 SOS = 1.986 MWK |
13 October 2023 | 1 SOS = 1.991 MWK |
16 October 2023 | 1 SOS = 2.035 MWK |
17 October 2023 | 1 SOS = 2.002 MWK |
18 October 2023 | 1 SOS = 2.012 MWK |
19 October 2023 | 1 SOS = 2.025 MWK |
20 October 2023 | 1 SOS = 2.002 MWK |
23 October 2023 | 1 SOS = 2.025 MWK |
24 October 2023 | 1 SOS = 2.005 MWK |
25 October 2023 | 1 SOS = 1.986 MWK |
26 October 2023 | 1 SOS = 1.974 MWK |
27 October 2023 | 1 SOS = 1.974 MWK |
30 October 2023 | 1 SOS = 2.000 MWK |
31 October 2023 | 1 SOS = 1.984 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.
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.
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.