Historic Tongan paʻanga Malawian kwacha

Tongan paʻanga malawian kwacha history for January 2024. The highest quote for this month is 732.27 (01/01/2024) and the lowest 731.88 (01/01/2024). The difference between high and low is 0.05.

TOP MWK average rate for January 2024 is 716.0537, the change between 01/01/2024 and 31/01/2024 is +3.04 %.

01 January 20241 TOP = 731.2 MWK
02 January 20241 TOP = 731.7 MWK
03 January 20241 TOP = 720.0 MWK
04 January 20241 TOP = 719.1 MWK
05 January 20241 TOP = 718.5 MWK
06 January 20241 TOP = 718.8 MWK
07 January 20241 TOP = 716.3 MWK
08 January 20241 TOP = 720.9 MWK
09 January 20241 TOP = 711.8 MWK
10 January 20241 TOP = 714.1 MWK
11 January 20241 TOP = 706.8 MWK
12 January 20241 TOP = 723.8 MWK
14 January 20241 TOP = 718.1 MWK
15 January 20241 TOP = 719.3 MWK
16 January 20241 TOP = 722.5 MWK
17 January 20241 TOP = 721.0 MWK
18 January 20241 TOP = 708.5 MWK
19 January 20241 TOP = 706.9 MWK
22 January 20241 TOP = 718.8 MWK
23 January 20241 TOP = 712.5 MWK
24 January 20241 TOP = 711.3 MWK
25 January 20241 TOP = 711.6 MWK
26 January 20241 TOP = 709.1 MWK
28 January 20241 TOP = 709.8 MWK
29 January 20241 TOP = 715.9 MWK
30 January 20241 TOP = 706.1 MWK
31 January 20241 TOP = 709.0 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.
TOP MWK January 2024
TOP MWK February 2024
TOP MWK March 2024
TOP MWK April 2024
TOP MWK May 2024
TOP MWK June 2024
TOP MWK July 2024
TOP MWK August 2024
TOP MWK September 2024
TOP MWK October 2024
TOP MWK November 2024
TOP MWK December 2024
TOP MWK January 2025