HTG to MWK

HTG - Haitian Gourde (G)
MWK - Malawian Kwacha (MK)
1 HTG1 MWK

Currency conversion rates from HTG to MWK

HTGMWK
1 HTG1 MWK
5 HTG5 MWK
10 HTG10 MWK
20 HTG20 MWK
50 HTG50 MWK
100 HTG100 MWK
250 HTG250 MWK
500 HTG500 MWK
1000 HTG1000 MWK
2000 HTG2000 MWK
5000 HTG5000 MWK
10000 HTG10000 MWK
MWKHTG
1 MWK1 HTG
5 MWK5 HTG
10 MWK10 HTG
20 MWK20 HTG
50 MWK50 HTG
100 MWK100 HTG
250 MWK250 HTG
500 MWK500 HTG
1000 MWK1000 HTG
2000 MWK2000 HTG
5000 MWK5000 HTG
10000 MWK10000 HTG

HTG - Haitian Gourde (HTG)

Haitian Gourde

The Haitian Gourde is the official currency of Haiti, a French-speaking Caribbean country. It occupies the western, smaller portion of the island of Hispaniola, in the Greater Antillean archipelago, which it shares with the Dominican Republic. The governments of Haiti issued paper money in denominations of 1, 2, 5, 10, 20, 25, 50, 100 and 500 Haitian Gourde.

The Haitian Gourde is the currency in Haiti (HT, HTI). The symbol for HTG can be written G. The Haitian Gourde is divided into 100 centimes. The exchange rate for the Haitian Gourde was last updated on May 24, 2019 from Yahoo Finance. The HTG conversion factor has 4 significant digits.

Economy

  • Two-thirds of Haitians depend on the agricultural sector. Many engage in small-scale subsistence farming, and are vulnerable to losing their crops due to frequent natural disasters, exacerbated by the country's widespread deforestation.
  • Haiti is recovering from a massive earthquake in January 2010. Its purchasing power parity GDP fell 8% in 2010 (from $ 12.15 billion to $ 11.18 billion).
  • Comparisons of social and economic indicators show Haiti falling behind other low-income developing countries (particularly in the Western hemisphere). A 2011 estimate shows Haiti is in last place in the Americas, and 158th place out of 182 countries, in the United Nations Human Development Index (HDI), which ranks countries based on three human development categories (life expectancy at birth, years of schooling, income per capita).
  • The Haitian government relies on formal international economic assistance for fiscal sustainability. Over half of its annual budget comes from outside sources.
  • In 2005, Haiti's total external debt reached an estimated U.S. $ 1.3 billion, which corresponds to a U.S. debt per capita $169.
  • In September 2009, Haiti met the conditions set by the IMF and World Bank's Heavily Indebted Poor Countries (HIPC) Initiative, a program for poor countries to qualify for cancellation of foreign debt, and was forgiven $1 billion in debt.

History

  • The Haitian Gourde was first introduced in 1813 and replaced the Pound at a rate of 1 Gourde = 8 Pounds, 5 sous. The first issues of coins were silver pieces of 6 cents, 12 and 25.
  • In 1827, 50 and 100 cent coins were introduced, followed by 1 and 2 cent coins in 1828, 6 ¼ cent coins in 1846, and 6 cent coins in 1850.
  • In 1863, bronze coins, produced by the Heaton Mint in Birmingham, were issued, in denominations of 5, 10 and 20 cents.
  • In 1870 the Gourde was revalued at a rate of ten to one. Only banknotes were issued for this second Gourde, with the government issuing notes of 10 and 25 Haitian Gourde.
  • In 1872, the Haitian Gourde was revalued again, this time at a rate of 300 to 1. In the early years of the third Gourde, tickets were only issued and the name Piastre was sometimes used instead of Gourde, especially in an issue of notes dated 1875.
  • In 1881, the gourde was fixed to the French Franc at 5 Francs = 1 Gourde, and coins were produced again.
  • In 1979, the Bank of the Republic of Haiti replaced the National Bank as the paper money issuing body. 1,000 gourde notes were introduced in 2004.

More information about HTG - Haitian Gourde (HTG)


MWK - Malawian Kwacha (MWK)

Malawian Kwacha

The Kwacha is the official currency in Malawi since 1970. The Kwacha was adopted based on the Zambian Kwacha, which was used in Zambia since 1968. The name kwacha was derived from the Bemba word meaning dawn, reflecting the Zambian national motto: "New Dawn of Freedom." The Malawian Kwacha is subdivided into 100 tambala.

The Malawian Kwacha is the currency in Malawi (MW, MWI). The symbol for MWK can be written MK. The Malawian Kwacha is divided into 100 tambala. The exchange rate for the Malawian Kwacha was last updated on May 24, 2019 from Yahoo Finance. The MWK conversion factor has 4 significant digits.

Economy

  • Malawi is considered one of the least developed countries in the world and has had unstable economic growth.
  • Malawi's economy is mainly agricultural, with almost 90% of their population living in rural areas. Agriculture accounts for about 40% of the GDP and 88% of export revenues.
  • The economy relies on extensive economic support from the World Bank, the IMF, and neighboring nations.
  • The government has had many difficult challenges, including development of a market economy, economic problems, educational improvements, and the exponential spread of AIDS.

History

  • In 1971, the Malawi Kwacha replaced the Malawian Pound at a fixed rate of two Kwacha = one Pound.
  • And as of July 4, 2010, one British Pound = 227.681 Kwacha, while one US Dollar = 149.8 Kwacha, and one South African Rand = 19.4475 Kwacha.
  • In May 9, 2011, an one British Pound = 257.7172 Kwacha, one US Dollar = 152.2933 Kwacha, and one South African Rand = 23.7740 Kwacha.

More information about MWK - Malawian Kwacha (MWK)