Convert Malawian Kwacha to Chinese Yuan
Please provide values below to convert Malawian Kwacha [MWK] to Chinese Yuan [CNY], or Convert Chinese Yuan to Malawian Kwacha.
How to Convert Malawian Kwacha to Chinese Yuan
1 MWK = 243.033120060218 CNY
Example: convert 15 MWK to CNY:
15 MWK = 15 × 243.033120060218 CNY = 3645.49680090327 CNY
Malawian Kwacha to Chinese Yuan Conversion Table
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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.
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).