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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
 
30-DAY-LO
USD/MWK at 737.5 was trading near AVG:736.55 with LO:729.72 and HI:740.67 (90 days). There are no current rate alerts.

US Dollar to Malawian Kwacha - Historical Rates

USD/MWK rateChangePeriod
03 Jul 2020 : 735.00000.3% ▲1 Week
10 Jun 2020 : 737.97180.1% ▼30 Days
11 Apr 2020 : 735.00000.3% ▲90 Days
11 Jul 2019 : 754.65962.3% ▼1 Year
12 Jul 2015 : 450.082063.9% ▲5 Years
13 Jul 2010 : 151.0936388.1% ▲10 Years
USD/MWK 10 year historic rates & changes to 10-Jul-2020 : 737.5000
 

U$1,000 USD
=
MK737,500 MWK

Converted at USD/MWK wholesale exchange rate, compare foreign transfer and spend/travel exchange rates.

 
 

US Dollar to Malawian Kwacha - Quick Conversions

USD MWK
U$ 1 MK 737.50
U$ 5 MK 3,688
U$ 10 MK 7,375
U$ 20 MK 14,750
U$ 50 MK 36,875
U$ 100 MK 73,750
U$ 250 MK 184,375
U$ 500 MK 368,750
U$ 1,000 MK 737,500
U$ 2,000 MK 1,475,000
U$ 5,000 MK 3,687,500
U$ 10,000 MK 7,375,000
U$ 50,000 MK 36,875,000
U$ 100,000 MK 73,750,000
More amounts
USD MWK
U$ 0.0014 MK 1
U$ 0.0068 MK 5
U$ 0.0136 MK 10
U$ 0.0271 MK 20
U$ 0.0678 MK 50
U$ 0.1356 MK 100
U$ 0.3390 MK 250
U$ 0.6780 MK 500
U$ 1.3560 MK 1,000
U$ 2.7120 MK 2,000
U$ 6.7800 MK 5,000
U$ 13.56 MK 10,000
U$ 67.80 MK 50,000
U$ 135.60 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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