US Dollar to Malawian Kwacha — exchange rate

Country of Circulation: United States, British Virgin Islands, Ecuador, Panama and others

Currency Code, Symbol: USD, $

Denominations of coins in circulation: 1¢, 5¢, 10¢, 25¢

Denominations of banknotes in circulation: $1, $2, $5, $10, $20, $50, $100

History: The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.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