Convert Malawian Kwacha to Cuban Peso
Please provide values below to convert Malawian Kwacha [MWK] to Cuban Peso [CUP], or Convert Cuban Peso to Malawian Kwacha.
How to Convert Malawian Kwacha to Cuban Peso
1 MWK = 72.6456375 CUP
Example: convert 15 MWK to CUP:
15 MWK = 15 × 72.6456375 CUP = 1089.6845625 CUP
Malawian Kwacha to Cuban Peso Conversion Table
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Malawian Kwacha
The Malawian Kwacha (MWK) is the official currency of Malawi, used for all monetary transactions within the country.
History/Origin
The Malawian Kwacha was introduced in 1971, replacing the Malawian Pound, as part of Malawi's monetary reform to establish a national currency.
Current Use
Today, the MWK is actively used in Malawi for everyday transactions, banking, and trade, with coins and banknotes issued by the Reserve Bank of Malawi.
Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.