Malawian Kwacha

Malawian Kwacha

Malawian Kwacha overview

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.

1 MWK to USD exchange rates chart

MWK to  exchange rates chart

Malawian Kwacha 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."

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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

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Mzimba North MP dumps PP for UTM: Brands DPP a party of crooks | - Malawi news

Member of Parliament (MP) for Mzimba North Constituency Agnes NyaLonje has dumped Peoples Party (PP) and joined United Transformation Movement (UTM). In

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Airtel Promo: K1m goes to Chiradzulu driver | - Malawi news

As the Airtel Bandulo Bandulo promotion continues, a 34-year-old man in Chiradzulu district has won K1 million. The winner Stephens Chipolo on Wednesday As the Airtel Bandulo Bandulo promotion continues, a 34-year-old man in Chiradzulu district has won K1 million.

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MWK currency converter