The USD/MWK exchange rate was unchanged at 1,733.6700 on March 27, 2026. Over the past month, the Malawian Kwacha has remained flat, but it's down by 0.97% over the last 12 months. Malawian Kwacha - values, historical data, forecasts and news - updated on March of 2026.

Inflation Rate in Malawi decreased to 24.10 percent in February from 24.90 percent in January of 2026. This dataset provides the latest reported value for - Malawi Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Malawi Exchange Rate against USD

• Malawi Exchange Rate against USD averaged 1,750.090 (USD/MWK) in Sep 2025, compared with 1,750.300 USD/MWK in the previous month.
• Malawi Exchange Rate against USD data is updated monthly, available from Jan 1957 to Sep 2025.
• The data reached an all-time high of 1,750.760 in Jul 2025 and a record low of 0.714 in Oct 1967.

CEIC extends history for monthly average Exchange Rate against USD. The Reserve Bank of Malawi provides average Exchange Rate against USD. Exchange Rate against USD prior to January 1999 is sourced from the International Monetary Fund.


Key information about Malawi Exchange Rate against USD

• In the latest reports, Malawi Short Term Interest Rate: Month End: Treasury Bills Yield: 91 Days was reported at 16.000 % pa in Sep 2025.
• The cash rate (Policy Rate: Month End: Bank Rate) was set at 26.000 % pa in Nov 2025.

Monthly and long-term Malawi Exchange Rate data: historical series and analyst forecasts curated by FocusEconomics.

Abstract

Currency exchange rate is an important metric to inform economic policy but traditional sources are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual rate trends in rural or poverty-stricken areas, where large populations reside in fragile situations. This data set includes currency exchange rate estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

Geographic coverage notes

The data cover the following sub-national areas: Central Region, Southern Region, Northern Region, Market Average

The currency chart for Malawi shows historical data for the Malawian Kwachas per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Malawian Kwachas per USD. Depreciation implies that goods from...

Key information about Malawi Real Effective Exchange Rate

• Malawi Real Effective Exchange Rate (REER: 2010=100: Month Avg: Malawi) was 108.5 in Jan 2026, compared with the number of 107.7 in the previous month.
• Malawi Real Effective Exchange Rate data is updated monthly and averaged 614.3 from Dec 1979 to Jan 2026.
• The data reached an all-time high of 614.3 in Dec 1979 and a record low of 56.0 in Apr 2013.

The International Monetary Fund provides Real Effective Exchange Rate with base 2010=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy. Due to lack of historical data the indicator cannot be recalculated with base 2005=100.


Related information about Malawi Real Effective Exchange Rate

• In the latest reports, Malawi Short Term Interest Rate: Month End: Treasury Bills Yield: 91 Days was reported at 16.0 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: Bank Rate) was set at 26.0 % pa in Jan 2026.
• Malawi Exchange Rate against USD averaged 1,750.1 (USD/MWK) in Sep 2025.