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Malawian Kwacha (MWK)

The Malawian Kwacha is the primary currency of Malawi. This currency is used by an estimated 18,143,315 people. Based on our estimate, Malawian Kwacha is the #54 most popular currency is the world.

The currency code for the Malawian Kwacha is "MWK". The ISO 4217 number for this currency is 454. The currency symbol for the Kwacha is "MK".

Malawian Kwacha conversion rates, useful facts, and holiday schedule can be found below.

MWK Currency Demographics

The primary country using the Malawian Kwacha is Malawi.

There are approximately 18,143,315 people around the world who use the Malawian Kwacha. The Malawian Kwacha is the #54 most used widely currency is the world.

18,143,315 user population
Ranked #54 in the world

MWK Exchange Rates

1 Malawian Kwacha equals:

Australian Dollar


Inverse: MK442.35


Inverse: MK796.87
British Pound


Inverse: MK904.92
Indian Rupee


Inverse: MK9.65
Japanese Yen


Inverse: MK6.80
US Dollar


Inverse: MK737.50

† Rates last updated at 30 minutes ago

‡ Rates are the interbank rate and are only available on large transactions

MWK Currency Facts

MWK Details

ISO 4217 CodeMWK
ISO 4217 Number454
Unit NameKwacha
Currency NicknamesN.a.

MWK Denominations

Minor Unit NameN.a.
Minor Unit Symbol N.a.
Minor Units2
Frequently Used banknotesMK5, MK10, MK20, MK50, MK100, MK200, MK500, MK1000
Rarely Used BanknotesN.a.
Frequently Used CoinsMK1, MK5, MK10, MK15, MK20, MK40, MK50, MK75, MK100, 1, 2, 5, 50
Rarely Used CoinsN.a.

MWK Issuance

Central BankReserve Bank of Malawi
Central Bank Website

World Bank Statistics

Estimated User Population18,143,315 people
Population Rank#54
MWK Inflation Rate12.42%
Inflation Rank#6

† Population and Inflation rate as based on data from the World Bank.

‡ Corrections or suggestions? Please contact us.

2020 MWK Currency Holidays

Based on holidays observed by the Reserve Bank of Malawi. On these dates banks and payment systems may be closed. Settlement in Malawian Kwacha may also be closed on these dates.

New Year's Day January 1, 2020 Closed
John Chilembwe Day January 15, 2020 Closed
Martyrs' Day March 3, 2020 Closed
Good Friday April 10, 2020 Closed
Easter Monday April 13, 2020 Closed
Labour Day May 1, 2020 Closed
Kamuzu Day May 14, 2020 Closed
Eid-ul-Fitr May 24, 2020 Closed
Republic Day July 6, 2020 Closed
Mother's Day October 15, 2020 Closed
Christmas Day December 25, 2020 Closed
Boxing Day December 28, 2020 Closed