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Compare today's MWK to BIF (Malawian Kwacha to Burundian Franc) exchange rates

Malawi
Burundi
MWK

Interbank Exchange Rate: 1 MWK = 1.7091 BIF
Updated about an hour ago

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All you need to know about Malawian Kwacha to Burundian Franc money transfers

Easily compare money transfer providers in one place to send money from Malawi to Burundi. Send money overseas to your loved ones by comparing Malawian Kwacha (MWK) to Burundian Franc (BIF) 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.

Were you looking to send money from Burundi to Malawi instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest MWK to BIF Conversion Rates

Here are some latest MWK to BIF (Malawian Kwacha to Burundian Franc) exchange rates for popular conversion amounts*.

1 MWK1.71 BIF
5 MWK8.55 BIF
10 MWK17.09 BIF
25 MWK42.73 BIF
50 MWK85.46 BIF
100 MWK170.91 BIF
150 MWK256.37 BIF
200 MWK341.82 BIF
250 MWK427.28 BIF
300 MWK512.73 BIF
400 MWK683.64 BIF
500 MWK854.55 BIF
600 MWK1,025.46 BIF
700 MWK1,196.37 BIF
800 MWK1,367.28 BIF
1,000 MWK1,709.10 BIF
1,500 MWK2,563.65 BIF
2,000 MWK3,418.20 BIF
2,500 MWK4,272.75 BIF
3,000 MWK5,127.30 BIF
4,000 MWK6,836.40 BIF
5,000 MWK8,545.50 BIF
10,000 MWK17,091.00 BIF
15,000 MWK25,636.50 BIF
20,000 MWK34,182.00 BIF
30,000 MWK51,273.00 BIF
40,000 MWK68,364.00 BIF
50,000 MWK85,455.00 BIF
100,000 MWK170,910.00 BIF

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


What's the best way to do Malawi to Burundi money transfers?

With the global remittance market booming, there are so many choices for Malawian Kwacha to BIF money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Burundi from Malawi. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final BIF amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best rate to transfer money to Burundi from Malawi?

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 Burundi from Malawi.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MWK to Burundian Franc 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 BIF 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 from Malawi to Burundi?

The final amount your recipient gets when you send MWK to BIF is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Malawi to Burundi used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Burundian Franc is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Malawian Kwacha to Burundi exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to send money from Malawi to Burundi?

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 BIF 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 Burundi 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 Burundi 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 Burundi. But, you are likely to get much better rates and lower fees compared to your bank.


What is the fastest way to transfer money from Malawi to Burundi?

The speed of your Malawian Kwacha to Burundian Franc funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert MWK to BIF. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Burundi from Malawi is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Burundi if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout BIF into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Malawi bank to Burundi bank transfer.


Which are the best money transfer companies to send money from Malawi to Burundi?

Comparing money transfer companies for sending money to Burundi from Malawi can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Burundi. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Malawian Kwacha to Burundian Franc transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Burundian Franc yield on every Malawian Kwacha that you send.


Step by step guide to send money from Malawi to Burundi

With so many possible ways to transfer Malawian Kwacha to Burundian Franc, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Malawi to Burundi remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Malawi and the receiver in Burundi. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your MWK to Burundian Franc money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.