Tanzanian Shilling malawian kwacha exchange rate history (TZS MWK) October 2023

Tanzanian Shilling malawian kwacha history for October 2023. The highest quote for this month is 0.46363 (03/10/2023) and the lowest 0.4649 (24/10/2023). The difference between high and low is -0.27.

TZS MWK average rate for October 2023 is 0.45244, the change between 01/10/2023 and 31/10/2023 is -4.94 %.

01 October 2023	1 TZS = 0.4297 MWK
02 October 2023	1 TZS = 0.4301 MWK
03 October 2023	1 TZS = 0.4247 MWK
04 October 2023	1 TZS = 0.4313 MWK
05 October 2023	1 TZS = 0.4534 MWK
06 October 2023	1 TZS = 0.4696 MWK
07 October 2023	1 TZS = 0.4612 MWK
09 October 2023	1 TZS = 0.4584 MWK
10 October 2023	1 TZS = 0.4588 MWK
11 October 2023	1 TZS = 0.4550 MWK
12 October 2023	1 TZS = 0.4522 MWK
13 October 2023	1 TZS = 0.4534 MWK
16 October 2023	1 TZS = 0.4617 MWK
17 October 2023	1 TZS = 0.4544 MWK
18 October 2023	1 TZS = 0.4563 MWK
19 October 2023	1 TZS = 0.4588 MWK
20 October 2023	1 TZS = 0.4530 MWK
21 October 2023	1 TZS = 0.4581 MWK
22 October 2023	1 TZS = 0.4581 MWK
23 October 2023	1 TZS = 0.4599 MWK
24 October 2023	1 TZS = 0.4554 MWK
25 October 2023	1 TZS = 0.4510 MWK
26 October 2023	1 TZS = 0.4482 MWK
27 October 2023	1 TZS = 0.4482 MWK
28 October 2023	1 TZS = 0.4562 MWK
29 October 2023	1 TZS = 0.4562 MWK
30 October 2023	1 TZS = 0.4640 MWK
31 October 2023	1 TZS = 0.4510 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.