Convert Malawian Kwacha to Gibraltar Pound
Please provide values below to convert Malawian Kwacha [MWK] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Malawian Kwacha.
How to Convert Malawian Kwacha to Gibraltar Pound
1 MWK = 2355.11995137107 GIP
Example: convert 15 MWK to GIP:
15 MWK = 15 × 2355.11995137107 GIP = 35326.799270566 GIP
Malawian Kwacha to Gibraltar Pound 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.
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.