🇲🇼Malawian Kwacha (MWK)
The Malawian kwacha replaced the Malawian pound in 1971, six years after independence from Britain. "Kwacha" means "dawn" in Chichewa and Bemba, symbolizing a new era, a name shared (independently) with Zambia's currency. Malawi's kwacha has undergone significant devaluations in recent years — including a sharp official devaluation in 2023 — as the country has grappled with foreign-currency shortages and high import dependence.
MWK ⇄ USD Converter
History
The Malawian kwacha replaced the Malawian pound in 1971, six years after independence from Britain. "Kwacha" means "dawn" in Chichewa and Bemba, symbolizing a new era, a name shared (independently) with Zambia's currency. Malawi's kwacha has undergone significant devaluations in recent years — including a sharp official devaluation in 2023 — as the country has grappled with foreign-currency shortages and high import dependence.
Denominations
Malawian Kwacha banknotes commonly circulate in these denominations:
- 50, 100, 200 kwacha — common notes for everyday purchases
- 500, 1,000 kwacha — mid-value notes
- 2,000, 5,000 kwacha — higher-value notes
Frequently Asked Questions
What is the currency symbol for the Malawian kwacha?
The Malawian kwacha's symbol is MK. Its ISO 4217 currency code is MWK.
Why is it called "kwacha"?
"Kwacha" means "dawn" or "it has become light" in Chichewa and Bemba, symbolizing a new era for Malawi after independence — the same word (independently) also names Zambia's currency.
Has the Malawian kwacha been devalued recently?
Yes — Malawi's central bank has made significant official devaluations in recent years, including a sharp adjustment in 2023, as the country has dealt with persistent foreign-currency shortages.
Where can I see rates for other African currencies?
Check the full currency directory on the African Currencies homepage, which covers all 54 African countries.