Convert Malawian Kwacha to Tanzanian Shilling
Please provide values below to convert Malawian Kwacha [MWK] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Malawian Kwacha.
How to Convert Malawian Kwacha to Tanzanian Shilling
1 MWK = 0.678370848814445 TZS
Example: convert 15 MWK to TZS:
15 MWK = 15 × 0.678370848814445 TZS = 10.1755627322167 TZS
Malawian Kwacha to Tanzanian Shilling 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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.