How to send money to Malawi from South Africa with the best ZAR-MWK rate
Compare the best deals on transfers from South Africa to Malawi. Explore the cheapest, fastest, and most reliable providers with the best ZAR to MWK exchange rates.
Read on for the insights and in-depth analysis, and all you need to send money to Malawi from South Africa.
Transferring the other way? Send MWK from Malawi to South Africa instead.
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
Click here to see other options
Alternative for South Africa to Malawi
While you can’t send ZAR to MWK with Wise, you can transfer USD to USD.
"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Overall best way: Western Union Agent
Western Union Agent scored the highest of the 4 money transfer companies supporting ZAR to MWK transfers.
For example, sending 4,300 ZAR to MWK will cost you R129 in fees, and you will receive 410,359.4 MWK. The delivery time usually is minutes - 5 days, but it depends on the day you make the transfer.
For a great mix of cost, speed & features, we suggest using Western Union Agent for your South Africa to Malawi transfer.
Getting the best deal on your South Africa to Malawi transfer
Always compare rates
Don't pay more than you have to. Our live comparison tool will give you the best rates for sending money from South Africa to Malawi.
Choose a provider
Select the provider that offers you the best value & service for transfers between South Africa and Malawi.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Malawi.
Summary of recent searches
Get the most from sending money from South Africa to Malawi
Comparing providers offering services between South Africa and Malawi based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire ZAR-MWK market and have compared 4 providers offering services between South Africa and Malawi.
This ensures you will get the most comprehensive options for sending Rand to Malawi.
Whilst we rate Western Union Agent as the best overall for transfers between the two countries, comparing gives you the best idea for your specific South Africa to Malawi transfer needs.
Cheapest way to send money from South Africa to Malawi: Mukuru
We found that Mukuru fees were 301.00000000000006 ZAR per transfer, and customers would expect an exchange rate between ZAR-MWK that is 1% different to the mid-market rate
Against the others tested, Mukuru is 1.99% cheaper than the second-best option.
To secure a cheap way to transfer ZAR to Malawi, Mukuru is our recommendation.
Fastest money transfers from South Africa to Malawi: PayPal App (P2P Transfer).
Based on our recent data, transfer time for a R4,300 transfer to Malawi with PayPal App (P2P Transfer) is minutes. This can vary by amount and method, but it is a good point of reference.
Sending money from South Africa to Malawi through PayPal App (P2P Transfer) will cost you 172 ZAR in fees & small markup.
PayPal App (P2P Transfer) was one of 4 money transfer providers we compared for overall speed of sending money from South Africa to Malawi. This speed test included depositing Rands to an account and the average timeframe for sending money to Malawi.
When fast transfers are a priority, PayPal App (P2P Transfer) is our best choice for sending from South Africa to Malawi.
Send large sums of money abroad with Currencies Direct
From the 4 options we compared, Currencies Direct offers the strongest all-round option for large transfers to Malawi from South Africa.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Kwachas to Kwacha.
As such, we recommend Currencies Direct for large Malawi transfers.
Understanding the costs involved when transferring money to Malawi from South Africa
When calculating the cost of sending money from South Africa to Malawi, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current ZAR-MWK mid-market rate is 105.3235 MWK per Rand. Finding a provider as close to this number as possible will ensure more Kwacha for your money.
As a comparison, the ZAR-MWK mid-market rate for the past week has averaged 102.9959 MWK per Rand, hitting a high of 105.7892 and a low of 101.9316.
MoneyGram Agent is currently offering the best exchange rate on transfers between South Africa and Malawi.
Often the ZAR-MWK exchange rate you receive will be the biggest factor impacting the cost of sending Rand to Malawi.
Fees: Transfer fees are charged on top of a transfer. Mukuru currently offers the lowest fees of 301.00000000000006 ZAR per transfer (based on R4,300 transfer). Although, we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Kwacha is the biggest indicator in the total cost of sending money to South Africa from Malawi. The higher the total amount received in Malawi, the lower the cost of sending from South Africa.
How to find the best exchange rate for Rand to Kwacha
Timing is essential for sending money between ZAR and MWK. The exchange rate you secure impacts how much MWK you get for your ZAR.
Let's dive into some interesting recent trends.
Over the past week, the exchange rate from ZAR to MWK has seen some fluctuation. On average, it stood at 102.9959.
During this period, the highest value recorded was 105.7892, while the lowest was 101.9316.
Western Union Agent, which is our recommended service to send money online from South Africa to Malawi offers an exchange rate that is only 7% above the mid-market rate.
Want to secure the best ZAR-Kwacha exchange rates?
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Payment options for South Africa to Malawi money transfers
Bank transfers
Bank transfers are usually the best and easiest way to send money from South Africa to Malawi.
By using a money transfer company such as Mukuru for transfers from South Africa to Malawi, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.
Mukuru is the cheapest money transfer company for bank transfers from the 4 we compared for transfers from ZAR into Malawi.
With a fee of 301.00000000000006 ZAR to send money from South Africa to Malawi, Mukuru offers a strong combination of competitive exchange rates and lower fees.
Debit cards and prepaid options
Sending money from South Africa to Malawi with a debit or a prepaid card is available through Western Union Agent.
Western Union Agent is a one of the cheaper options for debit card payments for transfers from South Africa to Malawi. This cost is against a total of 4 money transfer companies offering this option.
Credit cards
When it comes to international credit card transfers from South Africa to Malawi, we to get the best deal.
Be aware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Malawi and South Africa.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from South Africa to Malawi.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ZAR to MWK.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Related transfer routes
Send money from South Africa
Send money to Malawi
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What are the typical transfer fees for sending Rands to Malawi through various providers?
How long does it take to send money from South Africa to Malawi?
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Are there any minimum or maximum transfer amounts for sending money from South Africa to Malawi?
Can I schedule regular transfers between South Africa and Malawi?
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