Compare today's SAR to MWK (Saudi Riyal to Malawian Kwacha) exchange rates
Interbank Exchange Rate: 1 SAR = 462.0328 MWK
Updated about an hour ago
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All you need to know about Saudi Riyal to Malawian Kwacha money transfers
Easily compare money transfer providers in one place to send money from Saudi Arabia to Malawi. Send money overseas to your loved ones by comparing Saudi Riyal (SAR) to Malawian Kwacha (MWK) 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 SAR to MWK Conversion Rates
Here are some latest SAR to MWK (Saudi Riyal to Malawian Kwacha) exchange rates for popular conversion amounts*.
| 1 SAR | 462.03 MWK |
| 5 SAR | 2,310.16 MWK |
| 10 SAR | 4,620.33 MWK |
| 25 SAR | 11,550.82 MWK |
| 50 SAR | 23,101.64 MWK |
| 100 SAR | 46,203.28 MWK |
| 150 SAR | 69,304.92 MWK |
| 200 SAR | 92,406.56 MWK |
| 250 SAR | 115,508.20 MWK |
| 300 SAR | 138,609.84 MWK |
| 400 SAR | 184,813.12 MWK |
| 500 SAR | 231,016.40 MWK |
| 600 SAR | 277,219.68 MWK |
| 700 SAR | 323,422.96 MWK |
| 800 SAR | 369,626.24 MWK |
| 1,000 SAR | 462,032.80 MWK |
| 1,500 SAR | 693,049.20 MWK |
| 2,000 SAR | 924,065.60 MWK |
| 2,500 SAR | 1,155,082.00 MWK |
| 3,000 SAR | 1,386,098.40 MWK |
| 4,000 SAR | 1,848,131.20 MWK |
| 5,000 SAR | 2,310,164.00 MWK |
| 10,000 SAR | 4,620,328.00 MWK |
| 15,000 SAR | 6,930,492.00 MWK |
| 20,000 SAR | 9,240,656.00 MWK |
| 30,000 SAR | 13,860,984.00 MWK |
| 40,000 SAR | 18,481,312.00 MWK |
| 50,000 SAR | 23,101,640.00 MWK |
| 100,000 SAR | 46,203,280.00 MWK |
*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 Saudi Arabia to Malawi?
Sending money internationally to Malawi from Saudi Arabia 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 Saudi Riyal to MWK 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 Malawi. 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 Malawian Kwacha.
How to get the best exchange rate for sending money from Saudi Arabia to Malawi?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Malawi from Saudi Arabia. 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 SAR to Malawian Kwacha 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 Saudi Arabia to Malawi corridor to give you more good choices for your next MWK 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 Malawi from Saudi Arabia?
When you want to send money to Malawi from Saudi Arabia, you obviously want the cheapest possible option to maximize the money your recipient gets in Malawian Kwacha. 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 SAR to MWK 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 Saudi Arabia to Malawi. 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 Saudi Arabia to Malawi 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 Malawian Kwacha overseas.
Should I use my bank to transfer money from Saudi Arabia to Malawi?
Bank transfers have been a traditionally popular way to send money overseas from Saudi Arabia to Malawi. 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 SAR to MWK 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 Saudi Arabia bank for your Malawi 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.
What is the fastest way to transfer money from Saudi Arabia to Malawi?
If you need to convert SAR to MWK as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Saudi Arabia to Malawi could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.
Apart from the above, there are many other factors that can have an impact on your Saudi Riyal to Malawian Kwacha funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Malawi.
With so many choices available, make sure to compare various forex operators that enable you to remit money from Saudi Arabia to Malawi. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.
Which are the best money transfer companies to transfer money to Malawi from Saudi Arabia?
Saudi Arabia to Malawi 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 Malawi 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 Saudi Riyal to Malawian Kwacha 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 transfer money to Malawi from Saudi Arabia
There are many important aspects of Saudi Arabia to Malawi 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 - Saudi Arabia 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 MWK 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 Saudi Riyal amount you want to send from Saudi Arabia.
- 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.