Malawian Kwacha to Euro — exchange rate

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

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

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

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

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More