ZAR/MWK
Market Open
15 Jun, 11:19
MK
107. 35
+2.954034
+2.8296%
MK
1 Volume
MK 104.397409
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ZARMWK Overview
ZARMWK denotes the exchange rate between the South African Rand and the Malawian Kwacha, indicating how many kwacha one rand can buy. It is a direct quote of the base currency (ZAR) priced in the quote currency (MWK), used to track bilateral value movements between South Africa and Malawi.
The South African Rand is the official currency of South Africa and several dependent territories in the region. It is issued and managed by the South African Reserve Bank, which oversees monetary policy, inflation targeting and financial stability for the South African economy.
The Malawian Kwacha serves as the legal tender of Malawi in southeastern Africa. Issuance and monetary policy for the kwacha are conducted by the Reserve Bank of Malawi, which implements measures aimed at price stability and supporting economic growth in Malawi.
Exchange rate fluctuations in ZARMWK reflect supply and demand dynamics in currency markets and are influenced by relative interest rates, differential inflation, central bank actions, commodity prices and geopolitical developments. Short-term flows, cross-border trade and capital movements also affect the pair.
ZARMWK is relevant to traders, importers, exporters and investors with exposure to the two economies for purposes of hedging currency risk, facilitating payments and speculating on rate changes.
The South African Rand is the official currency of South Africa and several dependent territories in the region. It is issued and managed by the South African Reserve Bank, which oversees monetary policy, inflation targeting and financial stability for the South African economy.
The Malawian Kwacha serves as the legal tender of Malawi in southeastern Africa. Issuance and monetary policy for the kwacha are conducted by the Reserve Bank of Malawi, which implements measures aimed at price stability and supporting economic growth in Malawi.
Exchange rate fluctuations in ZARMWK reflect supply and demand dynamics in currency markets and are influenced by relative interest rates, differential inflation, central bank actions, commodity prices and geopolitical developments. Short-term flows, cross-border trade and capital movements also affect the pair.
ZARMWK is relevant to traders, importers, exporters and investors with exposure to the two economies for purposes of hedging currency risk, facilitating payments and speculating on rate changes.
ZARMWK Chart
ZARMWK FAQ
What is the current ZAR/MWK price?
The current rate is MK107.351443, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the ZAR/MWK rate changed today?
The rate has changed by +2.954034 (+2.8296%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was MK104.397409, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is ZAR/MWK moving up or down?
Movements in ZAR/MWK are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+2.8296%) is based on the difference between the current rate and the previous closing rate.
Is ZAR/MWK trending up or down right now?
If the current rate (MK107.351443) is above the previous close (MK104.397409), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for ZAR/MWK directly on this page.
