United States dollar malawian kwacha history for March 2023. The highest quote for this month is 1044.8 (15/03/2023) and the lowest 1033 (15/03/2023). The difference between high and low is 1.13.
USD MWK average rate for March 2023 is 1011.855, the change between 01/03/2023 and 31/03/2023 is -0.96 %.
| 01 March 2023 | 1 USD = 1023.13 MWK |
| 02 March 2023 | 1 USD = 1008.00 MWK |
| 07 March 2023 | 1 USD = 1002.00 MWK |
| 08 March 2023 | 1 USD = 1002.00 MWK |
| 09 March 2023 | 1 USD = 1003.00 MWK |
| 15 March 2023 | 1 USD = 1033.00 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.