Convert Malawian Kwacha to Mongolian Tugrik
Please provide values below to convert Malawian Kwacha [MWK] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Malawian Kwacha.
How to Convert Malawian Kwacha to Mongolian Tugrik
1 MWK = 0.491162958702648 MNT
Example: convert 15 MWK to MNT:
15 MWK = 15 × 0.491162958702648 MNT = 7.36744438053972 MNT
Malawian Kwacha to Mongolian Tugrik Conversion Table
| Malawian Kwacha | Mongolian Tugrik |
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Malawian Kwacha
The Malawian Kwacha (MWK) is the official currency of Malawi, used for all monetary transactions within the country.
History/Origin
The Malawian Kwacha was introduced in 1971, replacing the Malawian Pound, as part of Malawi's monetary reform to establish a national currency.
Current Use
Today, the MWK is actively used in Malawi for everyday transactions, banking, and trade, with coins and banknotes issued by the Reserve Bank of Malawi.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.