Foreign exchange guide to Malawi and the Malawian Kwacha (MWK)
The below interactive chart shows the USD to MWK exchange rate, trend and recent alerts for the last 90 days.
| USD/MWK rate | Change | Period |
|---|---|---|
| 03 Jul 2020 : 735.0000 | 0.3% ▲ | 1 Week |
| 10 Jun 2020 : 737.9718 | 0.1% ▼ | 30 Days |
| 11 Apr 2020 : 735.0000 | 0.3% ▲ | 90 Days |
| 11 Jul 2019 : 754.6596 | 2.3% ▼ | 1 Year |
| 12 Jul 2015 : 450.0820 | 63.9% ▲ | 5 Years |
| 13 Jul 2010 : 151.0936 | 388.1% ▲ | 10 Years |
Converted at USD/MWK wholesale exchange rate, compare foreign transfer and spend/travel exchange rates.
The domestic currency in Malawi is the Malawian Kwacha.
The three letter currency code for the Malawian Kwacha is MWK — symbol is MK.
It is the domestic currency in Malawi.
No, the Malawian Kwacha is freely available and convertible. See guide: What is a closed currency?
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.
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.
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 :
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!