MWK to ALL
Currency conversion rates from MWK to ALL
|1 MWK||1 ALL|
|5 MWK||5 ALL|
|10 MWK||10 ALL|
|20 MWK||20 ALL|
|50 MWK||50 ALL|
|100 MWK||100 ALL|
|250 MWK||250 ALL|
|500 MWK||500 ALL|
|1000 MWK||1000 ALL|
|2000 MWK||2000 ALL|
|5000 MWK||5000 ALL|
|10000 MWK||10000 ALL|
|1 ALL||1 MWK|
|5 ALL||5 MWK|
|10 ALL||10 MWK|
|20 ALL||20 MWK|
|50 ALL||50 MWK|
|100 ALL||100 MWK|
|250 ALL||250 MWK|
|500 ALL||500 MWK|
|1000 ALL||1000 MWK|
|2000 ALL||2000 MWK|
|5000 ALL||5000 MWK|
|10000 ALL||10000 MWK|
ALL - Albanian Lek (Lek)
The official currency of Albania is the Lek (ALL). The currency symbol for the Lek is L. The lek is divided into 100 qindarka; however, the qindarka is no longer produced. In 1947 the Lek was chosen as the main denomination. So far, four editions of the Lek have been printed by Albania.
The Albanian Lek is the currency in Albania (AL, ALB). The symbol for ALL can be written L. The Albanian Lek is divided into 100 qindarka (qintars). The exchange rate for the Albanian Lek was last updated on May 24, 2019 from Yahoo Finance. The ALL conversion factor has 4 significant digits.
- Although Albania is seen as a poor country, their economy is improving at a fast rate.
- According to the International Monetary Fund (IMF), Albania showed 2.8% economical growth in the year 2009.
- Agriculture products are vegetables, fruit, grapes, dairy products, potatos, maize, wheat, and sugar beets.
- Albania relies on the import of most goods and the country does not do much export.
- Currently Albania’s economy is undergoing macroeconomic restructuring, which is led by the World Bank and the International Monetary Fund (IMF).
- The tourism industry is booming and it is starting to contribute a huge amount to the country’s GDP.
- In 2008, oil and gas were discovered in Albania, which are helping to improve the country’s economic status.
- In 1926, the Lek was introduced by the Albanian King Ahmet Zoghu. Bronze, nickel, and silver coins were minted and distributed in denominations of 5 and 10 qindar.
- In 1956, the Lek was redistributed and was available in denominations of 1 lek and 5 qindar, 10 qindar, 20 qindar, and 50 qindar.
- In 1991, and 1992 the Lek was reintroduced with added denominations of 200, 500, and 1,000 Lek notes.
- In 1997, a newly printed series of Lek banknotes were made available.
- Since 2002, there have been special issues of the Lek; for example, in 2005 the 50 Lek was designed for the 85th anniversary of the capital Tirana.
MWK - Malawian Kwacha (MWK)
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.
- 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.
- 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.