MWK · MWK
Malawian Kwacha (MWK)
The Malawian Kwacha (MWK) is the official currency of Malawi, issued by the Reserve Bank of Malawi. It is subdivided into 100 tambala.
Convert this currency
Converted amount
0.0006 USD
Exchange rate
1 MWK = 0.000582 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
MWK · Malawian Kwacha
Malawian Kwacha (MWK) Overview
The Malawian Kwacha (MWK) has been the official currency of Malawi since 1971, when it replaced the Malawian pound. The currency is issued and regulated by the Reserve Bank of Malawi, the country's central bank. The name 'kwacha' derives from the Chichewa word for 'dawn,' symbolizing a new beginning for the nation.
The kwacha is subdivided into 100 tambala, although coins of tambala are rarely used in daily transactions due to inflation. Banknotes are issued in denominations of 20, 50, 100, 200, 500, 1000, and 2000 kwacha, featuring prominent Malawian figures and landmarks. The currency symbol is MK, and its ISO code is MWK.
As a landlocked country in southeastern Africa, Malawi's economy is primarily agricultural, with tobacco, tea, and sugar as major exports. The value of the kwacha is influenced by these commodity prices, as well as by domestic inflation and foreign exchange reserves. The Reserve Bank of Malawi manages the currency's exchange rate, which has experienced significant fluctuations over the years. For current exchange rates, it is advisable to consult official financial sources.
- Code
- MWK
- Symbol
- MWK
- Current rate
- USD / MWK
Currency information
Last updated · 8/7/2026
Introduced in 1971, replacing the Malawian pound at a rate of 2 kwacha per pound.
- Official name
- Malawian Kwacha
- Legal tender status
- Legal tender in Malawi
- Decimal places
- 2
- Minor unit
- Tambala · 1 MWK = 100 Tambala
- Countries
- Malawi
- Issuing authority
- Reserve Bank of Malawi
- Central bank
- Reserve Bank of Malawi · Official website
- Exchange-rate regime
- Floating (managed float)
Common banknotes
MK 50 · MK 100 · MK 200 · MK 500 · MK 1000 · MK 2000 · MK 5000
Common coins
1 tambala · 5 tambala · 10 tambala · 20 tambala · 50 tambala · MK 1 · MK 5 · MK 10
Also known as
Kwacha · Malawian Kwacha · MWK · MK
Practical notes
- The symbol 'MK' is commonly used.
- The currency is issued by the Reserve Bank of Malawi.
Priority currency pairs
The most useful conversions for this currency.
Malawian Kwacha questions
What is the MWK exchange rate?
The displayed rate is the latest available reference rate for USD/MWK. It can change throughout the day.
How can I convert MWK online?
Use the converter above to calculate indicative amounts between MWK and the other supported currencies.