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Malawi - Malawian kwacha - Currency Guide


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


USD/MWK Trend (90-day)

USDMWK at 790.0 has risen 0.8% above its 90-day average, range 775.3-793.6.
90-DAYHIGH (1d)
Recent USD to MWK Trend + Alerts

The above interactive chart shows the USD/MWK Exchange Rate, Trends and Alerts - UP DOWN HIGH LOW


MWK News, Forecasts and Trends

US dollar to Malawian kwacha - Historical Rates

30 Apr 2021
0.3% ▼1 Week
07 Apr 2021
0.6% ▲30 Days
06 Feb 2021
1.3% ▲90 Days
07 May 2020
7.7% ▲1 Year
08 May 2016
14.9% ▲5 Years
10 May 2011
425.2% ▲10 Years

USD/MWK 10 year historic rates & change to 07-May-2021 : 790.00


$10,000 USD
MK7,875,211 MWK

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

US dollar to Malawian kwacha - Quick Convert

$ 1 MK 787.52
$ 5 MK 3,938
$ 10 MK 7,875
$ 20 MK 15,750
$ 50 MK 39,376
$ 100 MK 78,752
$ 250 MK 196,880
$ 500 MK 393,760
$ 1,000 MK 787,520
$ 2,000 MK 1,575,040
$ 5,000 MK 3,937,600
$ 10,000 MK 7,875,200
$ 50,000 MK 39,376,000
$ 100,000 MK 78,752,000
More amounts
$ 0.0013 MK 1
$ 0.0064 MK 5
$ 0.0127 MK 10
$ 0.0254 MK 20
$ 0.0635 MK 50
$ 0.1270 MK 100
$ 0.3175 MK 250
$ 0.6350 MK 500
$ 1.2700 MK 1,000
$ 2.5400 MK 2,000
$ 6.3500 MK 5,000
$ 12.70 MK 10,000
$ 63.50 MK 50,000
$ 127.00 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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