Historic South African rand Malawian kwacha

South African rand malawian kwacha history for February 2024. The highest quote for this month is 89.719 (01/02/2024) and the lowest 89.931 (02/02/2024). The difference between high and low is -0.24.

ZAR MWK average rate for February 2024 is 88.04681, the change between 01/02/2024 and 29/02/2024 is +2.62 %.

01 February 20241 ZAR = 89.40 MWK
02 February 20241 ZAR = 89.74 MWK
03 February 20241 ZAR = 88.19 MWK
04 February 20241 ZAR = 88.27 MWK
05 February 20241 ZAR = 89.77 MWK
06 February 20241 ZAR = 88.28 MWK
07 February 20241 ZAR = 88.53 MWK
08 February 20241 ZAR = 88.15 MWK
09 February 20241 ZAR = 87.84 MWK
12 February 20241 ZAR = 88.43 MWK
13 February 20241 ZAR = 88.16 MWK
14 February 20241 ZAR = 87.33 MWK
15 February 20241 ZAR = 87.55 MWK
16 February 20241 ZAR = 87.96 MWK
17 February 20241 ZAR = 88.45 MWK
18 February 20241 ZAR = 88.45 MWK
19 February 20241 ZAR = 89.23 MWK
20 February 20241 ZAR = 88.67 MWK
21 February 20241 ZAR = 88.12 MWK
22 February 20241 ZAR = 88.17 MWK
23 February 20241 ZAR = 87.01 MWK
24 February 20241 ZAR = 86.47 MWK
25 February 20241 ZAR = 86.34 MWK
26 February 20241 ZAR = 86.93 MWK
27 February 20241 ZAR = 87.41 MWK
28 February 20241 ZAR = 87.37 MWK
29 February 20241 ZAR = 87.06 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.

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

10/04/2000: Introduction of New Kwacha Banknotes

Malawi introduced new banknotes with enhanced security features to combat counterfeiting and to modernize the currency.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

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.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.
ZAR MWK July 2023
ZAR MWK August 2023
ZAR MWK September 2023
ZAR MWK October 2023
ZAR MWK November 2023
ZAR MWK December 2023
ZAR MWK January 2024
ZAR MWK February 2024
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ZAR MWK June 2024
ZAR MWK July 2024