Ugandan Shilling malawian kwacha exchange rate history (UGX MWK) November 2023

Ugandan Shilling malawian kwacha history for November 2023. The highest quote for this month is 0.45024 (13/11/2023) and the lowest 0.45058 (13/11/2023). The difference between high and low is -0.08.

UGX MWK average rate for November 2023 is 0.39883, the change between 01/11/2023 and 30/11/2023 is -46.68 %.

01 November 2023	1 UGX = 0.3012 MWK
02 November 2023	1 UGX = 0.3031 MWK
03 November 2023	1 UGX = 0.2998 MWK
06 November 2023	1 UGX = 0.3001 MWK
07 November 2023	1 UGX = 0.2969 MWK
08 November 2023	1 UGX = 0.2974 MWK
09 November 2023	1 UGX = 0.2969 MWK
10 November 2023	1 UGX = 0.2955 MWK
13 November 2023	1 UGX = 0.4506 MWK
14 November 2023	1 UGX = 0.4503 MWK
15 November 2023	1 UGX = 0.4515 MWK
16 November 2023	1 UGX = 0.4444 MWK
17 November 2023	1 UGX = 0.4451 MWK
18 November 2023	1 UGX = 0.4415 MWK
19 November 2023	1 UGX = 0.4415 MWK
20 November 2023	1 UGX = 0.4493 MWK
21 November 2023	1 UGX = 0.4467 MWK
22 November 2023	1 UGX = 0.4458 MWK
23 November 2023	1 UGX = 0.4485 MWK
24 November 2023	1 UGX = 0.4473 MWK
26 November 2023	1 UGX = 0.4415 MWK
27 November 2023	1 UGX = 0.4474 MWK
28 November 2023	1 UGX = 0.4436 MWK
29 November 2023	1 UGX = 0.4433 MWK
30 November 2023	1 UGX = 0.4418 MWK

03/06/2020: COVID-19 Impact on the Shilling

The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.

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.

01/09/2013: Withdrawal of Old Currency Series

The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.

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.

01/07/2010: Issue of New Currency Series

Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.

02/05/2003: Introduction of Coins

Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.

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.

15/05/1987: Introduction of the 500 Shilling Note

A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.

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.

05/08/1972: Idi Amin's Currency Change

President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.

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.

15/06/1966: Introduction of the Ugandan Shilling

The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.

Historic Ugandan Shilling Malawian kwacha