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Compare today's MWK to XCD (Malawian Kwacha to East Caribbean Dollar) exchange rates

Malawi
Dominica
MWK

Interbank Exchange Rate: 1 MWK = 0.0016 XCD
Updated about an hour ago

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All you need to know about Malawian Kwacha to East Caribbean Dollar money transfers

Easily compare money transfer providers in one place to send money from Malawi to Dominica. Send money overseas to your loved ones by comparing Malawian Kwacha (MWK) to East Caribbean Dollar (XCD) 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 Dominica 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 XCD Conversion Rates

Here are some latest MWK to XCD (Malawian Kwacha to East Caribbean Dollar) exchange rates for popular conversion amounts*.

1 MWK0.00 XCD
5 MWK0.01 XCD
10 MWK0.02 XCD
25 MWK0.04 XCD
50 MWK0.08 XCD
100 MWK0.16 XCD
150 MWK0.24 XCD
200 MWK0.32 XCD
250 MWK0.40 XCD
300 MWK0.48 XCD
400 MWK0.64 XCD
500 MWK0.80 XCD
600 MWK0.96 XCD
700 MWK1.12 XCD
800 MWK1.28 XCD
1,000 MWK1.60 XCD
1,500 MWK2.40 XCD
2,000 MWK3.20 XCD
2,500 MWK4.00 XCD
3,000 MWK4.80 XCD
4,000 MWK6.40 XCD
5,000 MWK8.00 XCD
10,000 MWK16.00 XCD
15,000 MWK24.00 XCD
20,000 MWK32.00 XCD
30,000 MWK48.00 XCD
40,000 MWK64.00 XCD
50,000 MWK80.00 XCD
100,000 MWK160.00 XCD

*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 Dominica money transfers?

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 Dominica. 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 XCD.

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 XCD in Dominica. 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 Dominica from Malawi. We provide you with maximum choices to send money to Dominica by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best exchange rate for sending money from Malawi to Dominica?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Dominica from Malawi. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your MWK to East Caribbean Dollar money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Malawi to Dominica corridor to give you more good choices for your next XCD money transfer. This way you do not miss out on additional options to potentially save more.


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

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 Dominica 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 East Caribbean 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 Dominica 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 XCD remittances.


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

Bank transfers have been a traditionally popular way to send money overseas from Malawi to Dominica. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the MWK to XCD exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Malawi bank for your Dominica money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money to Dominica from Malawi fast?

It could be a stressful experience if you need to rush money quickly from Malawi to Dominica. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert MWK to XCD. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in East Caribbean Dollar. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Malawi to Dominica money transfers.


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

Comparing money transfer companies for sending money to Dominica 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 Dominica. 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 East Caribbean Dollar 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 East Caribbean Dollar yield on every Malawian Kwacha that you send.


Step by step guide to do a money transfer from Malawi to Dominica

The first step to send money to Dominica from Malawi is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your MWK to XCD overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Dominica if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Malawi bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Dominica!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Malawi to Dominica.