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    Malawi - Malawian kwacha - Currency Guide

     

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

    What's in this Malawi currency guide?

    1. USD/MWK trend
    2. Forecasts
    3. Travel Malawi
    4. Spending MWK
    5. Send to Malawi
       

    USD/MWK Trend (90-day)

    USD to MWK at 817.3 is 0.5% above its 90-day average, range 805.8-817.5.
    |
    90-DAYHIGH
     

    The below interactive chart displays the USD/MWK trend and UP DOWN HIGH LOW alerts

     
    USD to MWK Currency Trend Chart
       

    US dollar to Malawian kwacha - Historical Rates

    USD/MWK wasChangePeriod
    816.14
    05 Oct 2021
    0.1% 2 Weeks
    809.42
    21 Jul 2021
    0.9% 90 Days
    754.81
    19 Oct 2020
    8.2% 1 Year
    714.43
    20 Oct 2016
    14.3% 5 Years
    165.82
    22 Oct 2011
    392.5% 10 Years
    63.59
    24 Oct 2001
    1184.4% 20 Years
    USD/MWK change over periods to 19-Oct-2021
     

    $10,000 USD
    =
    MK8,172,950 MWK

    Converted at USD/MWK interbank rate, compare Send Money and Currency Exchange exchange rates.

    USD to MWK - Quick Amounts

    Sell USD   →   Buy MWK
    USD MWK
    $ 1 MK 817.29
    $ 5 MK 4,086
    $ 10 MK 8,173
    $ 20 MK 16,346
    $ 50 MK 40,865
    $ 100 MK 81,729
    $ 250 MK 204,323
    $ 500 MK 408,645
    $ 1,000 MK 817,290
    $ 2,000 MK 1,634,580
    $ 5,000 MK 4,086,450
    $ 10,000 MK 8,172,900
    $ 20,000 MK 16,345,800
    $ 50,000 MK 40,864,500
    $ 100,000 MK 81,729,000
    USD MWK
    $ 0.0012 MK 1
    $ 0.0061 MK 5
    $ 0.0122 MK 10
    $ 0.0245 MK 20
    $ 0.0612 MK 50
    $ 0.1224 MK 100
    $ 0.3060 MK 250
    $ 0.6120 MK 500
    $ 1.2240 MK 1,000
    $ 2.4480 MK 2,000
    $ 6.1200 MK 5,000
    $ 12.24 MK 10,000
    $ 24.48 MK 20,000
    $ 61.20 MK 50,000
    $ 122.40 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.

     

    Send Money to Malawi - Best Rates

    To get a good (and fair) exchange rate when sending money to Malawi you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists 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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