United States dollar malawian kwacha history for August 2023. The highest quote for this month is 1087.23 (14/08/2023) and the lowest 1082.21 (14/08/2023). The difference between high and low is 0.46.
USD MWK average rate for August 2023 is 1065.1825, the change between 01/08/2023 and 31/08/2023 is -3.66 %.
01 August 2023 | 1 USD = 1036.00 MWK |
04 August 2023 | 1 USD = 1035.00 MWK |
07 August 2023 | 1 USD = 1040.13 MWK |
08 August 2023 | 1 USD = 1080.33 MWK |
10 August 2023 | 1 USD = 1081.11 MWK |
12 August 2023 | 1 USD = 1067.00 MWK |
14 August 2023 | 1 USD = 1085.72 MWK |
15 August 2023 | 1 USD = 1063.00 MWK |
17 August 2023 | 1 USD = 1068.00 MWK |
20 August 2023 | 1 USD = 1073.85 MWK |
21 August 2023 | 1 USD = 1078.09 MWK |
28 August 2023 | 1 USD = 1073.96 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.