MWK (Malawian Kwacha)

AAA

DEFINITION of 'MWK (Malawian Kwacha)'

The currency abbreviation for the Malawian kwacha (MWK), the currency for Malawi. The Malawian kwacha is made up of 100 tambala and is often presented with the symbol MK. The name kwacha comes from the word "dawn" in Chichewa, which along with English, is the official language of Malawi.

INVESTOPEDIA EXPLAINS 'MWK (Malawian Kwacha)'

From Malawi's independence in 1964, the Malawian pound was the currency of Malawi. The pound remained the currency until 1971, when the Malawian kwacha replaced the pound at a rate of 2:1. At the time of this change, the currency of Malawi was decimalized.

RELATED TERMS
  1. Forex Futures

    An exchange-traded contract to buy or sell a specified amount ...
  2. Authorized Forex Dealer

    Any type of financial institution that has received authorization ...
  3. Currency

    A generally accepted form of money, including coins and paper ...
  4. Forex - FX

    The market in which currencies are traded. The forex market is ...
  5. Quote Currency

    The second currency quoted in a currency pair in forex. In a ...
  6. Base Currency

    The first currency quoted in a currency pair on forex. It is ...
Related Articles
  1. Currency Exchange: Floating Rate Vs. ...
    Forex Education

    Currency Exchange: Floating Rate Vs. ...

  2. A Look At The Most Popular Bitcoin Exchanges
    Investing Basics

    A Look At The Most Popular Bitcoin Exchanges

  3. End of Fed's Bond-Buying Program: 7 ...
    Bonds & Fixed Income

    End of Fed's Bond-Buying Program: 7 ...

  4. Stores Where You Can Buy Things With ...
    Investing Basics

    Stores Where You Can Buy Things With ...

Hot Definitions
  1. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  2. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  3. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  4. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  5. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
  6. Earnings Multiplier

    An adjustment made to a company's P/E ratio that takes into account current interest rates. The earnings multiplier is used ...
Trading Center