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Compare today's MWK to USD (Malawian Kwacha to US Dollar) exchange rates

Malawi
United States
MWK
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 United States. 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.

Were you looking to send money from United States to Malawi instead?

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.

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.


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 MWK0.00 USD
5 MWK0.00 USD
10 MWK0.01 USD
25 MWK0.02 USD
50 MWK0.03 USD
100 MWK0.07 USD
150 MWK0.11 USD
200 MWK0.14 USD
250 MWK0.18 USD
300 MWK0.21 USD
400 MWK0.28 USD
500 MWK0.35 USD
600 MWK0.42 USD
700 MWK0.49 USD
800 MWK0.56 USD
1,000 MWK0.70 USD
1,500 MWK1.05 USD
2,000 MWK1.40 USD
2,500 MWK1.75 USD
3,000 MWK2.10 USD
4,000 MWK2.80 USD
5,000 MWK3.50 USD
10,000 MWK7.00 USD
15,000 MWK10.50 USD
20,000 MWK14.00 USD
30,000 MWK21.00 USD
40,000 MWK28.00 USD
50,000 MWK35.00 USD
100,000 MWK70.00 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 USA?

There are many good choices when it comes to sending money from Malawi to USA. 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 USA 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 rate to transfer money to USA 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 USA 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 USA?

One of the most important things to watch out for is hidden fees when sending money to USA 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 USA using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your United States Dollar foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MWK to USA 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 USA from Malawi.


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

Big banks in Malawi are known to make a lot of money by charging high fees on USA 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 USA. 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 USA. You work hard for your money, so you should also ensure you get the maximum yield when you send USD overseas.


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

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 USA 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 USA 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 USA bank transfer.


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

Comparing money transfer companies for sending money to USA 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 USA. 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 United States 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 United States Dollar yield on every Malawian Kwacha that you send.


Step by step guide to send money from Malawi to USA

The first step to send money to USA 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 USD 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 USA 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 USA!

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 USA.