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Compare today's MWK to EUR (Malawian Kwacha to Euro) exchange rates

Malawi
Austria
MWK
Interbank Exchange Rate: 1 MWK = 0.0006 EUR
Updated about 1 hours ago

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All you need to know about Malawian Kwacha to Euro money transfers

Easily compare money transfer providers in one place to send money from Malawi to Austria. Send money overseas to your loved ones by comparing Malawian Kwacha (MWK) to Euro (EUR) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

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Latest MWK to EUR Conversion Rates

Here are some latest MWK to EUR (Malawian Kwacha to Euro) exchange rates for popular conversion amounts*.

1 MWK0.00 EUR
5 MWK0.00 EUR
10 MWK0.01 EUR
25 MWK0.02 EUR
50 MWK0.03 EUR
100 MWK0.06 EUR
150 MWK0.09 EUR
200 MWK0.12 EUR
250 MWK0.15 EUR
300 MWK0.18 EUR
400 MWK0.24 EUR
500 MWK0.30 EUR
600 MWK0.36 EUR
700 MWK0.42 EUR
800 MWK0.48 EUR
1,000 MWK0.60 EUR
1,500 MWK0.90 EUR
2,000 MWK1.20 EUR
2,500 MWK1.50 EUR
3,000 MWK1.80 EUR
4,000 MWK2.40 EUR
5,000 MWK3.00 EUR
10,000 MWK6.00 EUR
15,000 MWK9.00 EUR
20,000 MWK12.00 EUR
30,000 MWK18.00 EUR
40,000 MWK24.00 EUR
50,000 MWK30.00 EUR
100,000 MWK60.00 EUR

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Malawi to Austria?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Malawi to Austria. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Malawian Kwacha to EUR.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send MWK to EUR in Austria. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Austria from Malawi. We provide you with maximum choices to send money to Austria by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best remit rate for transferring money from Malawi to Austria?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Austria from Malawi.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MWK to Euro remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for MWK to EUR remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


What's the cheapest way to send money to Austria from Malawi?

When you want to send money to Austria from Malawi, you obviously want the cheapest possible option to maximize the money your recipient gets in Euro. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your MWK to EUR money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Malawi to Austria. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Malawi to Austria exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Euro overseas.


Should I use my bank to transfer money from Malawi to Austria?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low MWK to EUR exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Malawi to Austria money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Austria from Malawi. They do this by letting you fund your transaction through your local bank account in Malawi, and by allowing you to choose the payout to be your recipient's bank account in Austria. But, you are likely to get much better rates and lower fees compared to your bank.


How to send money to Austria from Malawi fast?

The first thing to do when you need to convert MWK to EUR quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Malawian Kwacha and Euro. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Malawi to Austria remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Austria.


Which are the best money transfer companies to transfer money to Austria from Malawi?

Since the Malawian Kwacha to Euro money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Malawi that may also be able to send money to Austria. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your MWK to EUR money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Austria gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Malawi to Austria transaction.


Step by step guide to send money from Malawi to Austria

There are many important aspects of Malawi to Austria remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Malawi bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include EUR bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Malawian Kwacha amount you want to send from Malawi.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Austria to validate that they get the money once the transaction clears.