How the Malawi Kwacha has been depreciating against the US Dollar over the past 30 years!
These rates are from Reserve Bank of Malawi. These are only the January quoted rates for each year for the past 30 years. Malawi Kwacha used to be 1.59 to the dollar 30 years ago! Today it is between 418 to 450 depending on who is selling it. Are we on the right track? Can something be done differently?
Jan-85 : 1.59
Jan-86 : 1.69
Jan-87 : 1.89
Jan-88 : 2.28
Jan-89 : 2.61
Jan-90 : 2.67
Jan-91 : 2.61
Jan-92 : 2.71
Jan-93 : 4.36
Jan-94 : 4.48
Jan-95 : 15.19
Jan-96 : 15.22
Jan-97 : 15.25
Jan-98 : 21.22
Jan-99 : 43.32
Jan-00 : 46.27
Jan-01 : 79.71
Jan-02 : 67.35
Jan-03 : 87.42
Jan-04 : 108.15
Jan-05 : 108.4
Jan-06 : 124.28
Jan-07 : 138.75
Jan-08 : 139.66
Jan-09 : 139.9
Jan-10 : 146.4
Jan-11 : 150.05
Jan-12 : 163.59
Jan-13 : 341.83
Jan-14 : 418.24
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