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 = 741.71
Telephone Prefix+265

Quick Conversions from US Dollar to Malawian Kwacha

USD

MWK

U$ 1
MK 741.71
U$ 5
MK 3,709
U$ 10
MK 7,417
U$ 20
MK 14,834
U$ 50
MK 37,086
U$ 100
MK 74,171
U$ 250
MK 185,428
U$ 500
MK 370,855
U$ 1,000
MK 741,710
U$ 2,000
MK 1,483,420
U$ 5,000
MK 3,708,550
U$ 10,000
MK 7,417,100
U$ 50,000
MK 37,085,500
U$ 100,000
MK 74,171,000
More amounts

USD

MWK

U$ 0.0013
MK 1
U$ 0.0067
MK 5
U$ 0.0135
MK 10
U$ 0.0270
MK 20
U$ 0.0674
MK 50
U$ 0.1348
MK 100
U$ 0.3370
MK 250
U$ 0.6740
MK 500
U$ 1.3480
MK 1,000
U$ 2.6960
MK 2,000
U$ 6.7400
MK 5,000
U$ 13.48
MK 10,000
U$ 67.40
MK 50,000
U$ 134.80
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 74,171

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:

ALERTS:4-DAY1.6% 🔔| 30-DAY HIGHS 🔔 |
USD/MWK at 741.71 was trading 0.8% above AVG:736.17 with LO:729.72 and HI:745 (90 days). ALERTS: USD/MWK was UP 1.6% this 4-DAY period and also rose to 30-DAY HIGHS.
03-APR 12AM-NY 5AM-LON 12PM-HK 3PM-SYD
Booking.com

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 Day0.00135930 Mar 2020
7 Day0.00135624 Mar 2020
30 Day0.00135601 Mar 2020
3 Month0.00135101 Jan 2020
1 Year0.00138201 Apr 2019
5 Year0.00225802 Apr 2015
10 Year0.00664503 Apr 2010

Malawian Kwacha to Euro - Historical Rates

PeriodMWK/EURDate
1 Day0.00123230 Mar 2020
7 Day0.00125524 Mar 2020
30 Day0.00122701 Mar 2020
3 Month0.00120401 Jan 2020
1 Year0.00123301 Apr 2019
5 Year0.00207602 Apr 2015
10 Year0.00491303 Apr 2010

Malawian Kwacha to Pound Sterling - 10 Year History

PeriodMWK/GBPDate
1 Day0.00109930 Mar 2020
7 Day0.00115024 Mar 2020
30 Day0.00106101 Mar 2020
3 Month0.00101901 Jan 2020
1 Year0.00105701 Apr 2019
5 Year0.00152202 Apr 2015
10 Year0.00435503 Apr 2010

Malawian Kwacha to Australian Dollar - Historical Rates

PeriodMWK/AUDDate
1 Day0.00220430 Mar 2020
7 Day0.00227124 Mar 2020
30 Day0.00209601 Mar 2020
3 Month0.00192501 Jan 2020
1 Year0.00194301 Apr 2019
5 Year0.00297702 Apr 2015
10 Year0.00723303 Apr 2010

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