Malawi - Malawian Kwacha - Currency Guide

This is a currency guide to Malawi, the Malawian Kwacha currency plus sending (MWK) transfers and travel tips for Malawi.

 
 
CountryMalawi
FlagMalawi
Country CodeMW
Domestic Currency Malawian Kwacha
Currency SymbolMK
Currency CodeMWK
Exchange RateUSD/MWK = 735
Telephone Prefix+265

Quick Conversions from US Dollar to Malawian Kwacha

USD

MWK

U$ 1
MK 735.00
U$ 5
MK 3,675
U$ 10
MK 7,350
U$ 20
MK 14,700
U$ 50
MK 36,750
U$ 100
MK 73,500
U$ 250
MK 183,750
U$ 500
MK 367,500
U$ 1,000
MK 735,000
U$ 2,000
MK 1,470,000
U$ 5,000
MK 3,675,000
U$ 10,000
MK 7,350,000
U$ 50,000
MK 36,750,000
U$ 100,000
MK 73,500,000
More amounts

USD

MWK

U$ 0.0014
MK 1
U$ 0.0068
MK 5
U$ 0.0136
MK 10
U$ 0.0272
MK 20
U$ 0.0681
MK 50
U$ 0.1361
MK 100
U$ 0.3403
MK 250
U$ 0.6805
MK 500
U$ 1.3610
MK 1,000
U$ 2.7220
MK 2,000
U$ 6.8050
MK 5,000
U$ 13.61
MK 10,000
U$ 68.05
MK 50,000
U$ 136.10
MK 100,000
More amounts

To calculate specific USD/MWK amounts use our Convert USD to MWK quick calculator.

Malawi Currency Info


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.

How much is U$100 US Dollars in Malawian Kwacha?

U$ 100 converts to MK 73,500

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?


Malawian Kwacha (MWK) in the markets

The interactive chart below shows the USD to MWK exchange rate and trend for the previous 3 months:

USD/MWK at 732.5 was trading near the 90-day average 733.89 with a range 720 to 745. There are no current rate alerts.
21-Feb 5PM-NY 10PM-LON | 22-Feb 9AM-SYD

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.

 

Malawi Trip Checklist    

 
  1. Compare MWK travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Malawi
  3. Lonely Planet - world's best travel guide (coupon and deals)

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 foreign-transfer exchange 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 here).


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 our 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!

 

Bank Transfers to Malawi

Compare Transfer Rates

Malawian Kwacha to US Dollar - Historical Rates

PeriodMWK/USDDate
1 Day0.00135517 Feb 2020
7 Day0.00136311 Feb 2020
30 Day0.00135819 Jan 2020
3 Month0.00136120 Nov 2019
1 Year0.00137318 Feb 2019
5 Year0.00222619 Feb 2015
10 Year0.00664320 Feb 2010

Malawian Kwacha to Euro - Historical Rates

PeriodMWK/EURDate
1 Day0.00125017 Feb 2020
7 Day0.00124811 Feb 2020
30 Day0.00122419 Jan 2020
3 Month0.00122920 Nov 2019
1 Year0.00121318 Feb 2019
5 Year0.00195919 Feb 2015
10 Year0.00489820 Feb 2010

Malawian Kwacha to Pound Sterling - 10 Year History

PeriodMWK/GBPDate
1 Day0.00104217 Feb 2020
7 Day0.00105211 Feb 2020
30 Day0.00104419 Jan 2020
3 Month0.00105320 Nov 2019
1 Year0.00106218 Feb 2019
5 Year0.00144419 Feb 2015
10 Year0.00430520 Feb 2010

Malawian Kwacha to Australian Dollar - Historical Rates

PeriodMWK/AUDDate
1 Day0.00202017 Feb 2020
7 Day0.00202811 Feb 2020
30 Day0.00197319 Jan 2020
3 Month0.00200220 Nov 2019
1 Year0.00192518 Feb 2019
5 Year0.00285719 Feb 2015
10 Year0.00742420 Feb 2010

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