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:
† Rates last updated at 30 minutes ago
‡ Rates are the interbank rate and are only available on large transactions
MWK Currency Facts
|ISO 4217 Code||MWK|
|ISO 4217 Number||454|
|Minor Unit Name||N.a.|
|Minor Unit Symbol||
|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.|
|Estimated User Population||18,143,315 people|
|MWK Inflation Rate||12.42%|
† 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
|John Chilembwe Day
||January 15, 2020
||March 3, 2020
||April 10, 2020
||April 13, 2020
||May 1, 2020
||May 14, 2020
||May 24, 2020
||July 6, 2020
||October 15, 2020
||December 25, 2020
||December 28, 2020