Pound Sterling to Malawian Kwacha — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: Malawi

Currency Code, Symbol: MWK, K

Denominations of coins in circulation: 1, 2, 5, 10, 20, 50 tambala

Denominations of banknotes in circulation: 1, 5, 10 kwacha

History: The Malawian kwacha (К) – is a currency used only within one country, which is the Republic of Malawi. The currency is not used in other states. On the international exchange market, it is known as MWK.Tambala serves as change for the Malawian kwacha. One MWK equals 100 tambala. The currency has been in circulation since 1971 after the elimination of the Malawian pound. The currency’s name comes for the Zambian word meaning “it has dawned”. Apart from that, in Chichewa, it means “rooster”. In the Malawian understanding, kwacha means “hundred roosters announcing the dawn”.Read More