Convert New Zealand Dollar to Malawian Kwacha
Please provide values below to convert New Zealand Dollar [NZD] to Malawian Kwacha [MWK], or Convert Malawian Kwacha to New Zealand Dollar.
How to Convert New Zealand Dollar to Malawian Kwacha
1 NZD = 0.000957272440023211 MWK
Example: convert 15 NZD to MWK:
15 NZD = 15 × 0.000957272440023211 MWK = 0.0143590866003482 MWK
New Zealand Dollar to Malawian Kwacha Conversion Table
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New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.
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.