Convert United States Dollar to Malawian Kwacha
Please provide values below to convert United States Dollar [USD] to Malawian Kwacha [MWK], or Convert Malawian Kwacha to United States Dollar.
How to Convert United States Dollar to Malawian Kwacha
1 USD = 0.000573560479342847 MWK
Example: convert 15 USD to MWK:
15 USD = 15 × 0.000573560479342847 MWK = 0.0086034071901427 MWK
United States Dollar to Malawian Kwacha Conversion Table
| United States Dollar | Malawian Kwacha |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
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.