Compare today's MWK to EUR (Malawian Kwacha to Euro) exchange rates
Interbank Exchange Rate: 1 MWK = 0.0006 EUR
Updated about an hour 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 Spain. 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 MWK | 0.00 EUR |
| 5 MWK | 0.00 EUR |
| 10 MWK | 0.01 EUR |
| 25 MWK | 0.02 EUR |
| 50 MWK | 0.03 EUR |
| 100 MWK | 0.06 EUR |
| 150 MWK | 0.09 EUR |
| 200 MWK | 0.12 EUR |
| 250 MWK | 0.15 EUR |
| 300 MWK | 0.18 EUR |
| 400 MWK | 0.24 EUR |
| 500 MWK | 0.30 EUR |
| 600 MWK | 0.36 EUR |
| 700 MWK | 0.42 EUR |
| 800 MWK | 0.48 EUR |
| 1,000 MWK | 0.60 EUR |
| 1,500 MWK | 0.90 EUR |
| 2,000 MWK | 1.20 EUR |
| 2,500 MWK | 1.50 EUR |
| 3,000 MWK | 1.80 EUR |
| 4,000 MWK | 2.40 EUR |
| 5,000 MWK | 3.00 EUR |
| 10,000 MWK | 6.00 EUR |
| 15,000 MWK | 9.00 EUR |
| 20,000 MWK | 12.00 EUR |
| 30,000 MWK | 18.00 EUR |
| 40,000 MWK | 24.00 EUR |
| 50,000 MWK | 30.00 EUR |
| 100,000 MWK | 60.00 EUR |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to send money from Malawi to Spain?
Sending money internationally to Spain from Malawi can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Malawian Kwacha to EUR remittances.
Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Spain. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Euro.
How to get the best exchange rate for your money transfers from Malawi to Spain?
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 Euro 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 Spain. 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 EUR 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 Spain?
One of the most important things to watch out for is hidden fees when sending money to Spain from Malawi. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Spain using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Euro foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MWK to Spain exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.
Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Spain from Malawi.
Should I use my bank to send money from Malawi to Spain?
We do not recommend using your local bank in Malawi for your next MWK to EUR 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 Spain (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 EUR to Spain. These companies will let you use your local bank account in Malawi to pay for your Spain money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.
What is the fastest way to do a money transfer to Spain from Malawi?
It could be a stressful experience if you need to rush money quickly from Malawi to Spain. 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 EUR. 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 Euro. 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 Spain money transfers.
Which are the best money transfer companies to send money to Spain from Malawi?
The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Malawi to Spain, we can help you in choosing the best provider.There are several key points you would want to check for; these include, but are not limited to, the best Malawian Kwacha to Euro exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.
After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your EUR money transfers to Spain. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.
Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Spain getting more money for every Malawian Kwacha you send.
Step by step guide to transfer money to Spain from Malawi
Follow the below easy steps to send money to Spain 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 Spain).
- 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.