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Compare today's MWK to VEF (Malawian Kwacha to Venezuelan Bolivar) exchange rates

Malawi
Venezuela
MWK

Interbank Exchange Rate: 1 MWK = 79,198.1046 VEF
Updated over 24 hours ago

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All you need to know about Malawian Kwacha to Venezuelan Bolivar money transfers

Easily compare money transfer providers in one place to send money from Malawi to Venezuela. Send money overseas to your loved ones by comparing Malawian Kwacha (MWK) to Venezuelan Bolivar (VEF) 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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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 VEF Conversion Rates

Here are some latest MWK to VEF (Malawian Kwacha to Venezuelan Bolivar) exchange rates for popular conversion amounts*.

1 MWK79,198.10 VEF
5 MWK395,990.52 VEF
10 MWK791,981.05 VEF
25 MWK1,979,952.62 VEF
50 MWK3,959,905.23 VEF
100 MWK7,919,810.46 VEF
150 MWK11,879,715.69 VEF
200 MWK15,839,620.92 VEF
250 MWK19,799,526.15 VEF
300 MWK23,759,431.38 VEF
400 MWK31,679,241.84 VEF
500 MWK39,599,052.30 VEF
600 MWK47,518,862.76 VEF
700 MWK55,438,673.22 VEF
800 MWK63,358,483.68 VEF
1,000 MWK79,198,104.60 VEF
1,500 MWK118,797,156.90 VEF
2,000 MWK158,396,209.20 VEF
2,500 MWK197,995,261.50 VEF
3,000 MWK237,594,313.80 VEF
4,000 MWK316,792,418.40 VEF
5,000 MWK395,990,523.00 VEF
10,000 MWK791,981,046.00 VEF
15,000 MWK1,187,971,569.00 VEF
20,000 MWK1,583,962,092.00 VEF
30,000 MWK2,375,943,138.00 VEF
40,000 MWK3,167,924,184.00 VEF
50,000 MWK3,959,905,230.00 VEF
100,000 MWK7,919,810,460.00 VEF

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


What's the best way to transfer money from Malawi to Venezuela?

Sending money internationally to Venezuela 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 VEF 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 Venezuela. 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 Venezuelan Bolivar.


How to get the best exchange rate for your money transfers from Malawi to Venezuela?

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 Venezuela from Malawi.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MWK to Venezuelan Bolivar 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 VEF 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 to Venezuela from Malawi?

When you want to send money to Venezuela from Malawi, you obviously want the cheapest possible option to maximize the money your recipient gets in Venezuelan Bolivar. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your MWK to VEF money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Malawi to Venezuela. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Malawi to Venezuela exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Venezuelan Bolivar overseas.


How to send money to Venezuela from Malawi through a bank?

We do not recommend using your local bank in Malawi for your next MWK to VEF 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 Venezuela (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 VEF to Venezuela. These companies will let you use your local bank account in Malawi to pay for your Venezuela 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 transfer money from Malawi to Venezuela?

The speed of your Malawian Kwacha to Venezuelan Bolivar 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 VEF. 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 Venezuela 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 Venezuela 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 VEF into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Malawi bank to Venezuela bank transfer.


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

Comparing money transfer companies for sending money to Venezuela 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 Venezuela. 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 Venezuelan Bolivar 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 Venezuelan Bolivar yield on every Malawian Kwacha that you send.


Step by step guide to send money from Malawi to Venezuela

There are many important aspects of Malawi to Venezuela remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Malawi bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include VEF bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Malawian Kwacha amount you want to send from Malawi.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Venezuela to validate that they get the money once the transaction clears.