Malawian Kwacha Wiki
The kwacha (; ISO 4217: MWK, official name Malawi Kwacha) is the currency of Malawi as of 1971, replacing the Malawian pound. It is divided into 100 tambala. The kwacha replaced other types of currency, namely the UK pound sterling, the South African rand and the Rhodesian dollar, that had previously circulated through the Malawian economy. The exchange rate of the kwacha undergoes fixed periodical adjustments, but since 1994 the exchange rate has floated. In 2005, administrative measures were put in place by Bingu wa Mutharika to peg the exchange rate with other currencies. Banknotes are issued by the Reserve Bank of Malawi. In May 2012, the Reserve Bank of Malawi devalued the kwacha by 34% and unpegged it from the United States dollar. With currencyconverts.com you can convert (MK) to any other foreign currency. To convert a certain amount of Malawian Kwacha use currency converter. This page provides a free online information about currency conversion or exchange rates for world fiat currencies. Exchange rates for is calculated from mid-market real price and updates daily. Usually people search for MWK exchange rate before business travel to Malawi, or during trip to other countries and want to check rate of Malawian Kwacha in local money. On this page you can convert to main foreign currencies, get fast access to most used amounts of MWK or aether calculate any amount of Malawian Kwacha in other fiat money.