The Currency Directory

Malawi Kwacha (MWK)

The Malawi kwacha (MWK) replaced the Malawi pound on 15 February 1971 at 2 kwacha per pound. Explore its history and current USD and EUR reference rates.

Malawi pound to kwacha: what changed?

The Malawi pound was replaced by the kwacha on 15 February 1971 at 1 Malawi pound = 2 kwacha. This is the historical conversion at the changeover, not a current exchange quote. The MWK reference rates below refer to the Malawi kwacha.

US Treasury: 1971 Malawi currency amendment

Alphabetic code
MWK
Numeric code
454
Symbol
MK
Minor units
2
Example
MWK 1,234.50
Used in
Malawi

History

  1. 1964 The Reserve Bank of Malawi is established by an Act of Parliament in July and begins operating in Blantyre in June 1965.
  2. 1971 The kwacha replaces the Malawi pound, with the conversion under the Decimal Currency Act commencing on 15 February at two kwacha to one pound.

Live exchange rates

Sources