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 Marshall Islands. 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 to Marshall Islands from Malawi?
With the global remittance market booming, there are so many choices for Malawian Kwacha to USD 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 Marshall Islands 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 USD 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 exchange rate for sending money from Malawi to Marshall Islands?
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 Marshall Islands from Malawi.At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MWK to United States Dollar 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 USD 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 transfer money from Malawi to Marshall Islands?
The final amount your recipient gets when you send MWK to USD 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 Marshall Islands 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 United States Dollar 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 Marshall Islands 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.
How to send money to Marshall Islands from Malawi through a bank?
Big banks in Malawi are known to make a lot of money by charging high fees on Marshall Islands money transfers from Malawi. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.In addition to charging higher than average fees, banks are also notorious for giving you a MWK to USD exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Marshall Islands. With our live comparison tool, you can easily compare many good options in one glance.
Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Malawi to Marshall Islands. You work hard for your money, so you should also ensure you get the maximum yield when you send USD overseas.
How to send money to Marshall Islands from Malawi fast?
The speed of your Malawian Kwacha to United States Dollar 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 USD. 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 Marshall Islands 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 Marshall Islands 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 USD into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Malawi bank to Marshall Islands bank transfer.
Which are the best money transfer companies to transfer money from Malawi to Marshall Islands?
Malawi to Marshall Islands 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 Marshall Islands 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 Marshall Islands
Follow the below easy steps to send money to Marshall Islands 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 Marshall Islands).
- 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.