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The kwacha replaced the Malawian pound in 1971 at a rate of two kwacha to one pound. As of 30 August 2019, [update] one British pound sterling was equal to approximately 883.43 kwachas, one US dollar was equal to 725.16 kwachas and one South African rand was equal to 47.69 kwachas.
The current series of notes was introduced on 23 August 2009 [13] and contains, for the first time, a 200 pula banknote. In response to the concern of the poor quality of the paper of the 10 pula banknote, the Bank of Botswana unveiled a 10 pula banknote in polymer in November 2017 which was issued to the public on 1 February 2018.
Malawian kwacha (MWK ... Malawi on 30 September 2008 Exchange rates advertised by a currency trader in ... Exchange rates: Malawian kwachas per US dollar -730.00 ...
Zambian kwacha: Bank of Zambia Zimbabwe: Various (including South African rand, Botswana pula, pound sterling, Indian rupee, euro, Japanese yen, Australian dollar, United States dollar and the Chinese yuan) Reserve Bank of Zimbabwe
The value of Zambian currency dropped following redenomination; the exchange rate was 22 kwacha to one U.S. dollar in April 2021. After the 2021 Zambian general election saw a defeat for Edgar Lungu , the currency's depreciation was reversed; as of 27 August 2021 [update] one U.S. dollar was exchanged for about 16 kwacha. [ 5 ]
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
In floating exchange rate regimes, exchange rates are determined in the foreign exchange market, [6] which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends (i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday).
The value of the kwacha against the dollar has been relatively consistent for the past two years and has yet to return to the recent high of almost 0.2 kwacha to the dollar in 2013. Nonetheless, the real effective exchange rate of the kwacha against a weighted average of foreign currencies improved from 88.5 in 2016 to 96.4 in 2017.