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Malawi - Malawian Kwacha - Currency Guide

 

Foreign exchange guide to Malawi and the Malawian Kwacha (MWK)

     

MWK News, Forecasts and Trends

The below interactive chart shows the USD to MWK exchange rate, trend and recent alerts for the last 90 days.

   
Recent USD to MWK 90-day trend
 
ALERT:1-DAY0.7% |
USD/MWK at 735.09 was trading near AVG:736.08 with LO:729.72 and HI:740.67 (90 days). ALERT: Today USD/MWK is DOWN 0.7%

US Dollar to Malawian Kwacha - Historical Rates

USD/MWKPeriod to 02-JunDateRate
0.5% ▲1 Week26 May 2020736.8404
1% ▲30 Days03 May 2020732.9780
0.5% ▲90 Days04 Mar 2020737.1525
2.1% ▼1 Year03 Jun 2019756.6246
67.8% ▲5 Years04 Jun 2015441.4333
390.4% ▲10 Years05 Jun 2010151.0188
USD/MWK 10 year rates & changes to 02-Jun-2020 (740.6685)

US Dollar to Malawian Kwacha - Quick Conversions

USD MWK
U$ 1 MK 735.09
U$ 5 MK 3,675
U$ 10 MK 7,351
U$ 20 MK 14,702
U$ 50 MK 36,755
U$ 100 MK 73,509
U$ 250 MK 183,773
U$ 500 MK 367,545
U$ 1,000 MK 735,090
U$ 2,000 MK 1,470,180
U$ 5,000 MK 3,675,450
U$ 10,000 MK 7,350,900
U$ 50,000 MK 36,754,500
U$ 100,000 MK 73,509,000
More amounts
USD MWK
U$ 0.0014 MK 1
U$ 0.0068 MK 5
U$ 0.0136 MK 10
U$ 0.0272 MK 20
U$ 0.0680 MK 50
U$ 0.1360 MK 100
U$ 0.3400 MK 250
U$ 0.6800 MK 500
U$ 1.3600 MK 1,000
U$ 2.7200 MK 2,000
U$ 6.8000 MK 5,000
U$ 13.60 MK 10,000
U$ 68.00 MK 50,000
U$ 136.00 MK 100,000
More amounts

Frequently Asked Questions

 

What currency should I use in Malawi?

The domestic currency in Malawi is the Malawian Kwacha.

What is the Malawian Kwacha currency code and symbol?

The three letter currency code for the Malawian Kwacha is MWK — symbol is MK.

Which countries use the Malawian Kwacha?

It is the domestic currency in    Malawi.

Is the Malawian Kwacha a closed currency?

No, the Malawian Kwacha is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Malawi

Travel money for Malawi

Save money and time by Ordering your Malawian Kwacha online from Travelex, you get better rates and can pick up the MWK cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Malawian Kwacha otherwise you may get much worst exchange rates.

 

Sending money to Malawi

When searching around for information on how to get a good exchange rate when sending money to Malawi you need to start with finding out the latest Malawian Kwacha foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to Malawi

When sending money to Malawi it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Malawian Kwacha amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted MWK amount will be transfered to the recipient account you specify in Malawi.

Use our Send to Malawian Kwacha calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Malawian Kwacha deposited into the recipient bank account and less margins and fees kept by the banks!


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