Historic Tongan paʻanga Malawian kwacha

Tongan paʻanga malawian kwacha history for February 2024. The highest quote for this month is 723.81 (20/02/2024) and the lowest 722.76 (09/02/2024). The difference between high and low is 0.15.

TOP MWK average rate for February 2024 is 711.67037, the change between 01/02/2024 and 29/02/2024 is -1.14 %.

01 February 20241 TOP = 704.8 MWK
02 February 20241 TOP = 708.8 MWK
03 February 20241 TOP = 709.1 MWK
04 February 20241 TOP = 709.1 MWK
05 February 20241 TOP = 717.8 MWK
06 February 20241 TOP = 710.4 MWK
07 February 20241 TOP = 700.4 MWK
08 February 20241 TOP = 706.0 MWK
09 February 20241 TOP = 717.6 MWK
12 February 20241 TOP = 718.0 MWK
13 February 20241 TOP = 713.3 MWK
14 February 20241 TOP = 709.8 MWK
15 February 20241 TOP = 710.8 MWK
16 February 20241 TOP = 712.3 MWK
17 February 20241 TOP = 712.6 MWK
18 February 20241 TOP = 712.6 MWK
19 February 20241 TOP = 718.2 MWK
20 February 20241 TOP = 722.9 MWK
21 February 20241 TOP = 713.8 MWK
22 February 20241 TOP = 709.3 MWK
23 February 20241 TOP = 709.8 MWK
24 February 20241 TOP = 710.1 MWK
25 February 20241 TOP = 710.1 MWK
26 February 20241 TOP = 711.7 MWK
27 February 20241 TOP = 708.8 MWK
28 February 20241 TOP = 714.1 MWK
29 February 20241 TOP = 712.8 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.

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

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.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

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.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

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.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

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.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national 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.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.
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