Convert Saudi Riyal to Malawian Kwacha
Please provide values below to convert Saudi Riyal [SAR] to Malawian Kwacha [MWK], or Convert Malawian Kwacha to Saudi Riyal.
How to Convert Saudi Riyal to Malawian Kwacha
1 SAR = 0.00215085179753567 MWK
Example: convert 15 SAR to MWK:
15 SAR = 15 × 0.00215085179753567 MWK = 0.0322627769630351 MWK
Saudi Riyal to Malawian Kwacha Conversion Table
| Saudi Riyal | Malawian Kwacha |
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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.
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.