PKR to MWK

PKR - Pakistani Rupee (Rs)
MWK - Malawian Kwacha (MK)
1 PKR1 MWK

Currency conversion rates from PKR to MWK

PKRMWK
1 PKR1 MWK
5 PKR5 MWK
10 PKR10 MWK
20 PKR20 MWK
50 PKR50 MWK
100 PKR100 MWK
250 PKR250 MWK
500 PKR500 MWK
1000 PKR1000 MWK
2000 PKR2000 MWK
5000 PKR5000 MWK
10000 PKR10000 MWK
MWKPKR
1 MWK1 PKR
5 MWK5 PKR
10 MWK10 PKR
20 MWK20 PKR
50 MWK50 PKR
100 MWK100 PKR
250 MWK250 PKR
500 MWK500 PKR
1000 MWK1000 PKR
2000 MWK2000 PKR
5000 MWK5000 PKR
10000 MWK10000 PKR

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)


PKR - Pakistani Rupee ()

The Pakistani rupee is the currency of Pakistan. The currency code for the rupee is PKR, and it’s written as ‘Rs’ or روپیہ in Urdu. In Pakistan, the rupee is also sometimes spelled ‘rupees’, ‘rupaya’, ‘rupaye’, or ‘rupiyah’. The modern Pakistani rupee was put into circulation following the dissolution of the British Raj in 1947. It is a fiat currency.

The Rupee is the official currency of Pakistan. The currency is managed by the Bank of Pakistan, the main financial institution of the nation.

The Pakistan Rupee is the currency in Pakistan (PK, PAK). The symbol for PKR can be written Rs. The Pakistan Rupee is divided into 100 paisa. The exchange rate for the Pakistan Rupee was last updated on January 31, 2019 from The International Monetary Fund. The PKR conversion factor has 6 significant digits.

Economy

  • The economy of Pakistan has endured decades of domestic political feuds, a fast-growing population, varying levels of overseas investment, and an expensive, ongoing border dispute with India.
  • Significant macroeconomic amendments beginning in 2000, in particular privatizing the banking sector, have helped the economy.
  • In 2005, the World Bank named Pakistan the top reformer in its area and among the top 20 reformers globally.
  • The central financial institution is trying to tighten money policy while still encouraging growth.
  • Recurring international worker remittances are helping to build foreign exchange reserves, however the country faces a growing current account deficit due to the high reliance on imports. The increasing trade deficit could draw down these reserves and slow GDP growth in the near future.

History

  • The word Rupee is from the Sanskrit word rup or rupa, which means silver in most Indo-Aryan dialects.
  • The Pakistani Rupee was put into circulation in 1947, after the nation became independent from British Rule.
  • For some time after independence, Pakistan used Indian cash and banknotes with Pakistan stamped on them.
  • The current cash and banknotes were issued beginning in 1948. (Seems to contradict the second bullet.)
  • Similar to the Indian Rupee, the Pakistan Rupee was originally divided into sixteen annas, each composed of four pice or 12 pie.
  • The Pakistan Rupee was decimalized on January 1, 1961 and partitioned into a hundred pice; the name was changed to pais later the same year.

More information about PKR - Pakistani Rupee ()