Malawian Kwacha Currency Converter

About the Malawian Kwacha
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 British 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. The currency was further devalued by 25% by the central bank in May 2022 followed by another 44% devaluation in November 2023 raising inflation rate in Malawi.

With currencyconverts.com, you can convert Malawian Kwacha (MK) to any other foreign currency. To convert a certain amount of Malawian Kwacha, use the currency converter. This page provides free online information about currency conversion or exchange rates for world fiat currencies. The exchange rate for Malawian Kwacha is calculated from the mid-market real price and updates daily. Usually, people search for the MWK exchange rate before business travel to Malawi or during a trip to other countries, and want to check the rate of Malawian Kwacha in local money. On this page, you can convert Malawian Kwacha to main foreign currencies, get fast access to the most commonly used amounts of MWK, or alternatively calculate any amount of Malawian Kwacha in other fiat money.