United States dollar malawian kwacha history for May 2023. The highest quote for this month is 1027.7 (15/05/2023) and the lowest 1022.21 (31/05/2023). The difference between high and low is 0.53.
USD MWK average rate for May 2023 is 1012.1525, the change between 01/05/2023 and 31/05/2023 is +0.84 %.
| 15 May 2023 | 1 USD = 1019.61 MWK |
| 17 May 2023 | 1 USD = 1008.00 MWK |
| 24 May 2023 | 1 USD = 1010.00 MWK |
| 31 May 2023 | 1 USD = 1011.00 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.