MWK News, Forecasts and Trends
The above interactive chart shows the USD to MWK exchange rate, trend and recent alerts for the last 90 days.
US Dollar to Malawian Kwacha - Historical Rates
| USD/MWK rate | Change | Period |
|---|
| 11 Sep 2020 : 749.5000 | 0.1% ▲ | 1 Week |
| 19 Aug 2020 : 748.5658 | 0.2% ▲ | 30 Days |
| 20 Jun 2020 : 735.0000 | 2% ▲ | 90 Days |
| 19 Sep 2019 : 724.1888 | 3.6% ▲ | 1 Year |
| 20 Sep 2015 : 558.4300 | 34.3% ▲ | 5 Years |
| 21 Sep 2010 : 151.2621 | 395.8% ▲ | 10 Years |
USD/MWK 10 year historic rates & change to 18-Sep-2020 : 750.0000
U$10,000 USD
=
MK7,500,000 MWK
Converted at USD/MWK interbank rate,
compare
Send Money
and
Currency Exchange
exchange rates.
US Dollar to Malawian Kwacha - Quick Conversions
|
USD |
MWK |
| U$ 1 |
MK 750.00 |
| U$ 5 |
MK 3,750 |
| U$ 10 |
MK 7,500 |
| U$ 20 |
MK 15,000 |
| U$ 50 |
MK 37,500 |
| U$ 100 |
MK 75,000 |
| U$ 250 |
MK 187,500 |
| U$ 500 |
MK 375,000 |
| U$ 1,000 |
MK 750,000 |
| U$ 2,000 |
MK 1,500,000 |
| U$ 5,000 |
MK 3,750,000 |
| U$ 10,000 |
MK 7,500,000 |
| U$ 50,000 |
MK 37,500,000 |
| U$ 100,000 |
MK 75,000,000 |
| 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 exchange rate for foreign-transfers, which can be very different to the wholesale 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 in the below table.
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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Malawian Kwacha amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted MWK amount will be transfered to the recipient account you specify in Malawi.
Use the above 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!