Compare today's MWK to USD (Malawian Kwacha to US Dollar) exchange rates
Interbank Exchange Rate: 1 MWK = 0.0007 USD
Updated about an hour ago
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All you need to know about Malawian Kwacha to US Dollar money transfers
Easily compare money transfer providers in one place to send money from Malawi to British Indian Ocean Territory. Send money overseas to your loved ones by comparing Malawian Kwacha (MWK) to US Dollar (USD) 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.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Malawi.
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Latest MWK to USD Conversion Rates
Here are some latest MWK to USD (Malawian Kwacha to US Dollar) exchange rates for popular conversion amounts*.
| 1 MWK | 0.00 USD |
| 5 MWK | 0.00 USD |
| 10 MWK | 0.01 USD |
| 25 MWK | 0.02 USD |
| 50 MWK | 0.03 USD |
| 100 MWK | 0.07 USD |
| 150 MWK | 0.11 USD |
| 200 MWK | 0.14 USD |
| 250 MWK | 0.18 USD |
| 300 MWK | 0.21 USD |
| 400 MWK | 0.28 USD |
| 500 MWK | 0.35 USD |
| 600 MWK | 0.42 USD |
| 700 MWK | 0.49 USD |
| 800 MWK | 0.56 USD |
| 1,000 MWK | 0.70 USD |
| 1,500 MWK | 1.05 USD |
| 2,000 MWK | 1.40 USD |
| 2,500 MWK | 1.75 USD |
| 3,000 MWK | 2.10 USD |
| 4,000 MWK | 2.80 USD |
| 5,000 MWK | 3.50 USD |
| 10,000 MWK | 7.00 USD |
| 15,000 MWK | 10.50 USD |
| 20,000 MWK | 14.00 USD |
| 30,000 MWK | 21.00 USD |
| 40,000 MWK | 28.00 USD |
| 50,000 MWK | 35.00 USD |
| 100,000 MWK | 70.00 USD |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to send money from Malawi to British Indian Ocean Territory?
There are many good choices when it comes to sending money from Malawi to British Indian Ocean Territory. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Malawian Kwacha to USD money transfers.We compare different remittance companies to bring you the best options to send money to British Indian Ocean Territory from Malawi. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.
Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Malawian Kwacha to United States Dollar money transfers. You can take advantage of these deals and make the most of your hard earned money.
How to get the best remit rate for transferring money from Malawi to British Indian Ocean Territory?
When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your MWK to United States Dollar money transfer.Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Malawi to British Indian Ocean Territory. We carefully select providers to give you the best choices for sending money internationally.
Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for MWK to USD remittances. With our daily free rate alert, you will never have to manually search and compare providers again.
What's the cheapest way to transfer money from Malawi to British Indian Ocean Territory?
While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Malawi to British Indian Ocean Territory via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.A sure way to find the most cost effective way for Malawian Kwacha to United States Dollar remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.
Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Malawi to British Indian Ocean Territory exchange rate.
Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for MWK to USD remittances.
How to send money from Malawi to British Indian Ocean Territory through a bank?
We do not recommend using your local bank in Malawi for your next MWK to USD overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Malawi to British Indian Ocean Territory (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.
Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending USD to British Indian Ocean Territory. These companies will let you use your local bank account in Malawi to pay for your British Indian Ocean Territory money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.
How to send money from Malawi to British Indian Ocean Territory fast?
If you need to convert MWK to USD as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Malawi to British Indian Ocean Territory could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.
Apart from the above, there are many other factors that can have an impact on your Malawian Kwacha to United States Dollar funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to British Indian Ocean Territory.
With so many choices available, make sure to compare various forex operators that enable you to remit money from Malawi to British Indian Ocean Territory. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.
Which are the best money transfer companies to send money to British Indian Ocean Territory from Malawi?
Malawi to British Indian Ocean Territory money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach British Indian Ocean Territory as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.
Once you have defined your parameters, selecting the best Malawian Kwacha to United States Dollar money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.
Step by step guide to do a money transfer from Malawi to British Indian Ocean Territory
Follow the below easy steps to send money to British Indian Ocean Territory from Malawi.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Malawi bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in British Indian Ocean Territory).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.