Malawian Kwacha

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 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.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

51 Malawian Kwacha to South African Rand exchange rates chart

51 MWK to ZAR exchange rates graph
51 MWK to ZAR Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

51 MWK to ZAR exchange rates table

Exchange MWK to ZAR
51 Malawian Kwacha = 1.012 South African Rand
102 Malawian Kwacha = 2.024 South African Rand
255 Malawian Kwacha = 5.060 South African Rand
510 Malawian Kwacha = 10.119 South African Rand
Exchange Malawian Kwacha to South African Rand
51 Malawian Kwacha to South African Rand Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

51 MWK to ZAR exchange rates news

Airtel Malawi impressed with Bandulo Bandulo promotion | - Malawi news

Airtel Malawi says the Bandulo Bandulo promotion is encouraging to the company since the promotion is helping end customers’ financial challenges.

conditional positive
The Malawi 50:50 Campaign: plugs-in the wrong switch? | - Malawi news

On 6th November, history was made in the United States of America (USA) with women winning more seats in the Congress than ever before, bringing back On 6th November, history was made in the United States of America (USA) with women winning more seats in the Congress than ever before, bringing back memories of 1992 elections in which the number of women in Congress also doubled, courtesy of a campaign dubbed "Year of a Woman."

indicative positive
DPP and Peter Mutharika acting like property grabbers

Peter Mutharika and his cohorts in the DPP are now acting like property grabbers who want to rip Malawi off by bringing up billions of Kwachas false claims

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DPP's "landslide win" bluff is delusional #MalawiVotes2019
DPP's "landslide win" bluff is delusional #MalawiVotes2019

DPP never fails to entertain with it’s belief that it is so popular in Malawi such that it will win the 2019 elections with a landslide. #MalawiVotes2019

conditional positive
Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Benefits as UK Industrial Orders Recover
Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Benefits as UK Industrial Orders Recover

An unexpectedly strong improvement in the CBI industrial orders index helped to shore up Pound Sterling (GBP), in spite of lingering political worries.

conditional neutral
South Africa: West Rand Municipality Vehicles Locked Inside Yard As Employees Refuse to Work

Those who find themselves in emergency situations on the West Rand could be in more trouble than they think because protesting municipality workers are preventing critical services from being carried out.

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South African Rand Exchange Rate: Weak ZAR Outlook For Q4 2018 & Q1 2019 As S.A Growth Falters

Despite weakening against a basket of other currencies in the first half of 2018, the South African Rand has steadily rebounded in the foreign exchange markets since the start of September.

conditional neutral
Johannesburg Weather: Severe thunderstorms observed over the West Rand
Johannesburg Weather: Severe thunderstorms observed over the West Rand

Lightning and thunderstorms are observed over large parts of Roodepoort.Â

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Dollar to rand: Six major factors that determine the exchange rate
Dollar to rand: Six major factors that determine the exchange rate

With the dollar to rand exchange rate on a never-ending rollercoaster, we've decided to see what exactly makes our markets tick.

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51 MWK to ZAR currency converter