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Malawi - Malawian Kwacha - Currency Guide

 

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

   

USD/MWK 90-day view

USD/MWK at 750 is a little above its 90-DAY average, range 734.93 - 752.82 .
|
1-DAY0.5% (2d)90-DAY-HIGH (2d)
 
Recent USD to MWK 90-day trend
   

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 rateChangePeriod
11 Sep 2020 : 749.50000.1% ▲1 Week
19 Aug 2020 : 748.56580.2% ▲30 Days
20 Jun 2020 : 735.00002% ▲90 Days
19 Sep 2019 : 724.18883.6% ▲1 Year
20 Sep 2015 : 558.430034.3% ▲5 Years
21 Sep 2010 : 151.2621395.8% ▲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
USD MWK
U$ 0.0013 MK 1
U$ 0.0067 MK 5
U$ 0.0133 MK 10
U$ 0.0267 MK 20
U$ 0.0667 MK 50
U$ 0.1333 MK 100
U$ 0.3333 MK 250
U$ 0.6665 MK 500
U$ 1.3330 MK 1,000
U$ 2.6660 MK 2,000
U$ 6.6650 MK 5,000
U$ 13.33 MK 10,000
U$ 66.65 MK 50,000
U$ 133.30 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 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 :

  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 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!


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