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.

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

727 Malawian Kwacha to US Dollar exchange rates chart

727 MWK to USD exchange rates graph
727 MWK to USD 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.

727 MWK to USD exchange rates table

Exchange MWK to USD
727 Malawian Kwacha = 1.000 US Dollar
1454 Malawian Kwacha = 2.000 US Dollar
3635 Malawian Kwacha = 4.999 US Dollar
7270 Malawian Kwacha = 9.998 US Dollar
Exchange Malawian Kwacha to US Dollar
727 Malawian Kwacha to US Dollar 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.

727 MWK to USD exchange rates news

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

conditional positive
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
There's something behind this market sell-off that no one is talking about: The strong dollar

Stocks investors are spooked about a lot of things, and the strong dollar biting into earnings growth is now one of them.

indicative neutral
The Dollar Keeps Getting Stronger. Here’s What That Means for You.

On Monday, the US dollar reached its highest level in a year and a half, as measured against a weighted basket of foreign currencies. You can now buy a Euro for just $1.12, and a British Pound for $1.29. What does that mean for Americans?

conditional positive
Rupee drops 39 paise against US dollar as crude oil rebounds - Times of India

India Business News: Cutting short the 10-day selling trend, crude oil prices rose by around 1% to touch $71 per barrel mark after the world's largest oil exporter Saudi A

indicative negative
Rupee recovers 22 paise to 72.67 against US dollar

Positive macro data which showed retail inflation dropping to a 13-month low in October also bolstered the market sentiment.

indicative negative

727 MWK to USD currency converter