Malawian Kwacha (MWK) TradingHours.com
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 worldMWK Exchange Rates
1 Malawian Kwacha equals:
† 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 Code | MWK |
|---|---|
| ISO 4217 Number | 454 |
| Unit Name | Kwacha |
| Symbol | MK |
| Currency Nicknames | N.a. |
MWK Denominations
| Minor Unit Name | N.a. |
|---|---|
| Minor Unit Symbol | N.a. |
| Minor Units | 2 |
| Frequently Used banknotes | MK5, MK10, MK20, MK50, MK100, MK200, MK500, MK1000 |
| Rarely Used Banknotes | N.a. |
| Frequently Used Coins | MK1, MK5, MK10, MK15, MK20, MK40, MK50, MK75, MK100, 1, 2, 5, 50 |
| Rarely Used Coins | N.a. |
MWK Issuance
| Central Bank | Reserve Bank of Malawi |
|---|---|
| Central Bank Website | https://www.rbm.mw/ |
World Bank Statistics
| Estimated User Population | 18,143,315 people |
|---|---|
| Population Rank | #54 |
| MWK Inflation Rate | 12.42% |
| 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.
| Holiday | Date | Status |
|---|---|---|
| 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 |