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 January 2024
ZAR MWK February 2024
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ZAR MWK April 2024
ZAR MWK May 2024
ZAR MWK June 2024
ZAR MWK July 2024
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ZAR MWK December 2024
ZAR MWK January 2025