United States dollar malawian kwacha history for September 2023. The highest quote for this month is 1105.88 (18/09/2023) and the lowest 1078.24 (23/09/2023). The difference between high and low is 2.5.
USD MWK average rate for September 2023 is 1071.43636, the change between 01/09/2023 and 30/09/2023 is -0.47 %.
01 September 2023 | 1 USD = 1070.98 MWK |
05 September 2023 | 1 USD = 1063.77 MWK |
06 September 2023 | 1 USD = 1055.49 MWK |
18 September 2023 | 1 USD = 1075.37 MWK |
23 September 2023 | 1 USD = 1078.24 MWK |
24 September 2023 | 1 USD = 1078.24 MWK |
25 September 2023 | 1 USD = 1075.65 MWK |
26 September 2023 | 1 USD = 1068.00 MWK |
27 September 2023 | 1 USD = 1077.00 MWK |
29 September 2023 | 1 USD = 1067.00 MWK |
30 September 2023 | 1 USD = 1076.06 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.