Convert Malawian Kwacha to Saudi Riyal
Please provide values below to convert Malawian Kwacha [MWK] to Saudi Riyal [SAR], or Convert Saudi Riyal to Malawian Kwacha.
How to Convert Malawian Kwacha to Saudi Riyal
1 MWK = 464.93208 SAR
Example: convert 15 MWK to SAR:
15 MWK = 15 × 464.93208 SAR = 6973.9812 SAR
Malawian Kwacha to Saudi Riyal Conversion Table
| Malawian Kwacha | Saudi Riyal |
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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.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.