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Malawian Kwachas (MWK)
The MWK is the official currency of Malawi, with the symbol MK.
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Malawian Kwachas to US Dollars: Exchange rates today
 MWK |  USD |
|---|---|
| 1 MWK | 0.00 USD |
| 10 MWK | 0.00 USD |
| 20 MWK | 0.01 USD |
| 50 MWK | 0.02 USD |
| 100 MWK | 0.05 USD |
| 250 MWK | 0.14 USD |
| 300 MWK | 0.17 USD |
| 500 MWK | 0.28 USD |
| 1,000 MWK | 0.57 USD |
| 2,000 MWK | 1.14 USD |
| 5,000 MWK | 2.87 USD |
| 10,000 MWK | 5.74 USD |
| USD | MWK |
|---|---|
| 1 USD | 1,719.56 MWK |
| 10 USD | 17,195.61 MWK |
| 20 USD | 34,391.22 MWK |
| 50 USD | 85,978.05 MWK |
| 100 USD | 171,956.10 MWK |
| 250 USD | 429,890.27 MWK |
| 300 USD | 515,868.32 MWK |
| 500 USD | 859,780.54 MWK |
| 1,000 USD | 1,720,749.75 MWK |
| 2,000 USD | 3,444,755.71 MWK |
| 5,000 USD | 8,611,889.29 MWK |
| 10,000 USD | 17,227,239.06 MWK |
Exchange rates are dynamic. Always remember to check the applicable rate in-app before carrying out your exchange.
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Learn more about the Malawian Kwachas
History
The Malawian Kwachas was established as the official currency of Malawi in 1971. Its introduction was a key development for the nation, and it continues to be a central part of the economic landscape of both Malawi and Africa. Check our guide about the evolution of MWK to USD to learn more about their exchange rate history.Characteristics
The Malawian Kwachas is divided into Tambala. You'll find Malawian Kwachas banknotes in 20, 50, 100, 200, 500, 1000, 2000, 5000 kwachas and coins in 1, 5, 10, 20 kwachas.Monetary policy
The Malawian Kwachas is managed by the Reserve Bank of Malawi, which is responsible for the currency's monetary policy and currency's value. This approach allows the currency to fluctuate based on market conditions, while the central bank retains the ability to intervene to maintain stability and control inflation. This strategic management is crucial for supporting the economic growth and stability of Malawi.Currency exchange
The value of the Malawian Kwachas is determined by a floating exchange rate. This means its value can fluctuate based on global supply and demand, reflecting the country's economic strength and market conditions.
Facts table for the Malawian Kwachas (MWK)
| Currency name | Malawian Kwachas | |
| Currency code | MWK | |
| Currency symbol | MK | |
| Minor unit | Tambala | |
| Minor unit symbol | - | |
| Notes frequently used | 20, 50, 100, 200, 500, 1000, 2000, 5000 kwachas | |
| Coins frequently used | 1, 5, 10, 20 kwachas | |
| Central bank | Reserve Bank of Malawi | |
| Users | Malawi |
Popular Malawian Kwachas (MWK) currency conversions
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