AED to MWK

AED - United Arab Emirates Dirham (د.إ.‏)
MWK - Malawian Kwacha (MK)
1 AED1 MWK

Currency conversion rates from AED to MWK

AEDMWK
1 AED1 MWK
5 AED5 MWK
10 AED10 MWK
20 AED20 MWK
50 AED50 MWK
100 AED100 MWK
250 AED250 MWK
500 AED500 MWK
1000 AED1000 MWK
2000 AED2000 MWK
5000 AED5000 MWK
10000 AED10000 MWK
MWKAED
1 MWK1 AED
5 MWK5 AED
10 MWK10 AED
20 MWK20 AED
50 MWK50 AED
100 MWK100 AED
250 MWK250 AED
500 MWK500 AED
1000 MWK1000 AED
2000 MWK2000 AED
5000 MWK5000 AED
10000 MWK10000 AED

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

  • The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
  • Natural gas and petroleum exports play an important role in the economy.
  • The service sector is also an important source of income.
  • Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
  • The United Arab Emirates is part of the World Trade Organization.
  • Imports are machinery, manufactured goods, and transport equipment.
  • In 2009, 85% of exports were natural resources.
  • The United Arab Emirates has the fastest-growing economy in the world.

History

  • The original currency in the United Arab Emirates was the Bahraini Dinar.
  • Before 1966 the United Arab Emirates used the Gulf Rupee.
  • The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
  • From 1973 to 1982 the United Arab Emirates issued the Dirham.
  • In 1976 the United Arab Emirates minted commemorative coins.
  • In the late 1980s a fixed rate was established between the Dirham and the USD.
  • 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
  • In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)


MWK - Malawian Kwacha (MWK)

Malawian Kwacha

The Kwacha is the official currency in Malawi since 1970. The Kwacha was adopted based on the Zambian Kwacha, which was used in Zambia since 1968. The name kwacha was derived from the Bemba word meaning dawn, reflecting the Zambian national motto: "New Dawn of Freedom." The Malawian Kwacha is subdivided into 100 tambala.

The Malawian Kwacha is the currency in Malawi (MW, MWI). The symbol for MWK can be written MK. The Malawian Kwacha is divided into 100 tambala. The exchange rate for the Malawian Kwacha was last updated on May 24, 2019 from Yahoo Finance. The MWK conversion factor has 4 significant digits.

Economy

  • Malawi is considered one of the least developed countries in the world and has had unstable economic growth.
  • Malawi's economy is mainly agricultural, with almost 90% of their population living in rural areas. Agriculture accounts for about 40% of the GDP and 88% of export revenues.
  • The economy relies on extensive economic support from the World Bank, the IMF, and neighboring nations.
  • The government has had many difficult challenges, including development of a market economy, economic problems, educational improvements, and the exponential spread of AIDS.

History

  • In 1971, the Malawi Kwacha replaced the Malawian Pound at a fixed rate of two Kwacha = one Pound.
  • And as of July 4, 2010, one British Pound = 227.681 Kwacha, while one US Dollar = 149.8 Kwacha, and one South African Rand = 19.4475 Kwacha.
  • In May 9, 2011, an one British Pound = 257.7172 Kwacha, one US Dollar = 152.2933 Kwacha, and one South African Rand = 23.7740 Kwacha.

More information about MWK - Malawian Kwacha (MWK)