Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's UGX to MWK (Ugandan Shilling to Malawian Kwacha) exchange rates

Uganda
Malawi
UGX

Interbank Exchange Rate: 1 UGX = 0.4884 MWK
Updated about an hour ago

Found 1 Remittance Service Providers

mukuru
Read more about Mukuru
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 UGX =
498.80 MWK
Transfer Limit (UGX): 1 - 10000
Locked-In Rate1 UGX = 0.4988 MWK

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





All you need to know about Ugandan Shilling to Malawian Kwacha money transfers

Easily compare money transfer providers in one place to send money from Uganda to Malawi. Send money overseas to your loved ones by comparing Ugandan Shilling (UGX) 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.

RemitFinder compared 1 money transfer operators to get you the best FX rates to send money from Uganda to Malawi.

The best rate to send Malawian Kwacha from Ugandan Shilling to your loved ones in Malawi is currently offered by Mukuru; their 1 UGX to MWK exchange rate today is 0.4988.

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 Uganda.

Were you looking to send money from Malawi to Uganda instead?

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 UGX to MWK Conversion Rates

Here are some latest UGX to MWK (Ugandan Shilling to Malawian Kwacha) exchange rates for popular conversion amounts*.

1 UGX0.49 MWK
5 UGX2.44 MWK
10 UGX4.88 MWK
25 UGX12.21 MWK
50 UGX24.42 MWK
100 UGX48.84 MWK
150 UGX73.26 MWK
200 UGX97.68 MWK
250 UGX122.10 MWK
300 UGX146.52 MWK
400 UGX195.36 MWK
500 UGX244.20 MWK
600 UGX293.04 MWK
700 UGX341.88 MWK
800 UGX390.72 MWK
1,000 UGX488.40 MWK
1,500 UGX732.60 MWK
2,000 UGX976.80 MWK
2,500 UGX1,221.00 MWK
3,000 UGX1,465.20 MWK
4,000 UGX1,953.60 MWK
5,000 UGX2,442.00 MWK
10,000 UGX4,884.00 MWK
15,000 UGX7,326.00 MWK
20,000 UGX9,768.00 MWK
30,000 UGX14,652.00 MWK
40,000 UGX19,536.00 MWK
50,000 UGX24,420.00 MWK
100,000 UGX48,840.00 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 to Malawi from Uganda?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Uganda to Malawi. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Ugandan Shilling to MWK.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send UGX to MWK in Malawi. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Malawi from Uganda. We provide you with maximum choices to send money to Malawi by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best remit rate for transferring money from Uganda to Malawi?

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 UGX to Malawian Kwacha 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 Uganda to Malawi. 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 UGX to MWK remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way to send money to Malawi from Uganda?

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

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


Should I use my bank to transfer money from Uganda to Malawi?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Uganda to Malawi money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like UGX to MWK transfers.

Given this, there are umpteen additional options to send money to Malawi instead of just your Uganda bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Ugandan Shilling even more so that your recipient in Malawi gets the maximum amount.


How to send money from Uganda to Malawi fast?

If you need to convert UGX 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 Uganda 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 Ugandan Shilling 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 Uganda 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 send money to Malawi from Uganda?

The first step in selecting the best money transfer operators for Uganda to Malawi remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Ugandan Shilling to Malawian Kwacha money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Malawi.


Step by step guide to transfer money to Malawi from Uganda

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Uganda to Malawi, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Uganda to Malawi that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Malawi where they can receive monies in Malawian Kwacha.
  • Then, provide details of your Uganda bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your UGX travel to another part of the globe.