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Exchange rates for the US dollar in Malawi / USD 1 = MWK ... (middle)

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  4. USD US dollar
  5. MWK Malawi kwacha (Malawi)
CSV SDMX-ML 2.0 SDMX-ML 2.1
Time series key BBEX3.M.MWK.USD.CA.AC.A01
Unit MWK
Dimension one
Timespan from 1973-01 to 2024-03
Last update 05.04.2024 01:05:06 PM
   
Methodology Calculated on the basis of the buying and selling rates. The exchange rates specified for the period from January 1973 to August 1992 were converted using the direct quotation method.
Source Reserve Bank of Malawi, Lilongwe/Blantyre.
   
Comment on 2023-11 On 9 November 2023, the Malawi kwacha was devalued. We recorded the following exchange rates (buying/selling): 8 November 2023: USD 1 = MWK 1,157.2706 / 1,180.2900 9 November 2023: USD 1 = MWK 1,666.7326 / 1,700.0000 Calculated devaluation: 30.6%.
Comment on 2022-05 On 27 May 2022, the Central Bank of Malawi decided to adopt a more flexible exchange rate regime. We recorded the following exchange rates (buying/selling): 26 May 2022: USD 1 = MWK 808.7997 / 824.4791 27 May 2022: USD 1 = MWK 1,011.8053 / 1,031.2139 Calculated devaluation: 20.1%.
Comment on 2012-05 On 7 May 2012, the Malawi kwacha was devalued. We recorded the following exchange rates (buying/selling rate): 4 May 2012: USD 1 = MWK 164.5375 / 167.8615 7 May 2012: USD 1 = MWK 247.50 / 252.50 Calculated devaluation: 33.5%.
Comment on 2010-01 Exchange rate as of 22 January 2010.
Comment on 1998-08 On 21 and 24 August 1998, the exchange rates were adjusted more sharply. We recorded the following rates (buying/selling rate): 20 August 1998: USD 1 = MWK 26.6665 / 26.9345 21 August 1998: USD 1 = MWK 33.8300 / 34.1700 24 August 1998: USD 1 = MWK 41.7900 / 42.2100 Calculated using the exchange rates from 20 and 24 August 1998 the Malawi kwacha was devalued by 36.2%.
Comment on 1994-02 On 7 February 1994, the exchange rates were allowed to float freely.
Comment on 1992-06 On 11 June 1992, the Malawi kwacha was devalued. We recorded the following exchange rates (buying/selling rate using the indirect quotation method): 29 May 1992: MWK 1 = USD 0.3122 / 0.3038 17 June 1992: MWK 1 = USD 0.2465 / 0.2441 Calculated devaluation: 20.4% (calculated on the basis of the middle rates).
Comment on 1992-03 On 28 March 1992, the Malawi kwacha was devalued. We recorded the following exchange rates (buying/selling rate using the indirect quotation method): 27 March 1992: MWK 1 = USD 0.3589 / 0.3490 30 March 1992: MWK 1 = USD 0.3045 / 0.2961 Calculated devaluation: 15.2% (calculated on the basis of the middle rates).
Comment on 1988-01 On 16 January 1988, the Malawi kwacha was devalued. We recorded the following exchange rates (buying/selling rate using the indirect quotation method): 15 January 1988: MWK 1 = USD 0.4818 / 0.4734 18 January 1988: MWK 1 = USD 0.4098 / 0.4026 Calculated devaluation: 14.9% (calculated on the basis of the middle rates).
Comment on 1987-02 On 7 February 1987, the Malawi kwacha was devalued. We recorded the following exchange rates (buying/selling rate using the indirect quotation method): 6 February 1987: MWK 1 = USD 0.5362 / 0.5268 9 February 1987: MWK 1 = USD 0.4291 / 0.4215 Calculated devaluation: 20.0%
Comment on 1986-08 On 16 August 1986, the Malawi kwacha was devalued. We recorded the following exchange rates (buying/selling rate using the indirect quotation method): 15 August 1986: MWK 1 = USD 0.5591 / 0.5493 18 August 1986: MWK 1 = USD 0.5037 / 0.4949 Calculated devaluation: 9.9%
Comment on 1985-04 On 2 April 1985, the Malawi kwacha was devalued. We recorded the following exchange rates (buying/selling rate using the indirect quotation method): 1 April 1985: MWK 1 = USD 0.6595 / 0.6480 2 April 1985: MWK 1 = USD 0.5616 / 0.5518 Calculated devaluation: 14.8%
Comment on 1983-09 On 17 September 1983, the Malawi kwacha was devalued. We recorded the following exchange rates (buying/selling rate using the indirect quotation method): 16 September 1983: MWK 1 = USD 0.8709 / 0.8557 19 September 1983: MWK 1 = USD 0.7788 / 0.7652 Calculated devaluation: 10.6%
Comment on 1982-04 On 24 April 1982, the Malawi kwacha was devalued. We recorded the following exchange rates (buying/selling rate using the indirect quotation method): 23 April 1982: MWK 1 = USD 1.0670 / 1.0484 26 April 1982: MWK 1 = USD 0.9275 / 0.9113 Calculated devaluation: 13.1%
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