Convert Chinese Yuan to Malawian Kwacha
Please provide values below to convert Chinese Yuan [CNY] to Malawian Kwacha [MWK], or Convert Malawian Kwacha to Chinese Yuan.
How to Convert Chinese Yuan to Malawian Kwacha
1 CNY = 0.00411466552275765 MWK
Example: convert 15 CNY to MWK:
15 CNY = 15 × 0.00411466552275765 MWK = 0.0617199828413647 MWK
Chinese Yuan to Malawian Kwacha Conversion Table
| Chinese Yuan | Malawian Kwacha |
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Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
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.