Australian Dollar to Malawian Kwacha - Convert Compare Save
The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees.
These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.
$250 AUD = MK128,062 MWK
Right now the AUD/MWK interbank exchange rate is 512.2467.
It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.
It's the reference rate we use to calculate how much you are being charged to convert Malawian Kwacha to Australian Dollar.
At this mid-rate rate $250 AUD will buy you MK128,062 MWK (24-04-2019 03:58:19 GMT)
This AUD/MWK Converter calculates equivalent Australian Dollar to Malawian Kwacha amounts at the market mid-rate.
You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.
Australian Dollar to Malawian Kwacha (AUD-MWK) - 10 Year History
The below table shows the historic variation in the AUD/MWK exchange rate over the last 10 years.
The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
You can also view our various charts of AUD versus other currencies : AUD historical charts.
Date
Exchange Rate
Period
Change
23 Apr 2019
517.0895
Latest
16 Apr 2019
521.6581
1 Week
-0.88%
24 Mar 2019
515.5177
1 Month
+0.3%
25 Oct 2018
514.9833
6 Months
+0.41%
23 Apr 2018
551.6004
1 Year
-6.26%
23 Apr 2017
547.5169
2 Years
-5.56%
24 Apr 2014
367.5494
5 Years
+40.69%
25 Apr 2009
102.0670
10 Years
+406.62%
Why can't I just get the AUD/MWK market rate I see on Google or in the Media?
The AUD/MWK mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the AUD / MWK was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however the transaction margin
you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for
travel money and possibly over 5% to 6% when sending money.
The exact potential savings depends on the currencies being exchanged and the amount
you are transferring and if you are willing to shop around.
The closer your final exchange rate is to the market AUD/MWK midrate the better deal you are getting.
The three things you need in order to get a good AUD to MWK exchange rate
Know the latest AUD/MWK market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Foreign Transfers
and
Travel Money
transactions.
Currency news and forecasts for Australian Dollar and Malawian Kwacha
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the AUD vs MWK, you should pay attention to both Australian Dollar and Malawian Kwacha news and forecasts.
Australian Dollar (AUD) - Market news and forecasts
Improved risk appetite, thriving commodities markets and better data from China helped lift the Australian dollar through March and into the second half of April. Against the US dollar, the Aussie was quoted at US$0.715 on April-22.
In March, both Westpac and JP Morgan predicted an Aussie slide to US$0.68 in the second half of the year. Those banks were at least more optimistic than HSBC, which argued in April for US$0.66 based on housing market weakness, high debt-to-GDP levels and continued strength in the US dollar.
Bearishness wasn’t unanimous, though, with NAB forecasting Aussie appreciation at least until mid-year; it predicted US$0.74 by the end of June.
The RBA will be happy with a weaker currency, HSBC said. The central bank has recently shifted to a dovish bias (what should be an across-the-board negative for AUD), saying lower Australian interest rates will “likely be appropriate” if inflation doesn’t pick up.
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