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.
"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."
"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."
Alternative for South Africa to Malawi
While you can’t send ZAR to MWK with Wise, you can transfer USD to USD.
"Over 16 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 16 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 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
The best way to send ZAR to Malawi is through a cash transfer with MoneyGram.
MoneyGram offers broad coverage across South Africa and Malawi, making it a reliable option.
Transfer fees vary depending on the branch and the amount you send, but you can generally expect to pay around 3 ZAR per 4,300 ZAR transferred.
Before sending, check which deposit options are available in your area. In many cases, you can fund your transfer online in ZAR, while the recipient collects MWK in cash at a local branch.
If you’re looking for alternatives, MoneyGram also offers competitive cash pickup services.
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 3 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.
The cheapest way to send money from South Africa to Malawi is a cash transfer via Western Union.
The cheapest way to send money to Malawi from South Africa is via a cash transfer through a Western Union Agent.
While cash transfers are usually more expensive than online options, our analysis of hundreds of money transfer companies shows that very few services currently support ZAR/MWK transfers online.
The total cost of your transfer includes both the transfer fee (around 3 ZAR per 4,300 ZAR) and an exchange rate markup.
Ultimately, the exact price will depend on your location, payment method, and transfer amount.
The cheapest way to to send money to Malawi from South Africa is via PayPal P2P Transfer
The coverage of ZAR/MWK transfer options is very limited, therefore, PayPal’s P2P transfer service is one of the cheaper options you have, along with cash transfer via Western Union and MoneyGram.
With PayPals P2P transfer, the main cost is the conversion between currencies, which can go as high as % on top of the mid market rate, as well as a ZAR transfer fee.
You can also opt to use a cash transfer via MoneyGram or Western Union, which are cheaper in some cases (depending on the amount, deposit method, and your branch).
Send large sums of money abroad with Currencies Direct
From the 3 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 102.5841 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 102.1874 MWK per Rand, hitting a high of 102.6214 and a low of 101.5624.
Western Union 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. Western Union Agent currently offers the lowest fees of 3 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 102.1874.
During this period, the highest value recorded was 102.6214, while the lowest was 101.5624.
Western Union Agent, which is our recommended service to send money online from South Africa to Malawi offers an exchange rate that is only 5% 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 Western Union Agent 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.
Western Union Agent is the cheapest money transfer company for bank transfers from the 3 we compared for transfers from ZAR into Malawi.
With a fee of 3 ZAR to send money from South Africa to Malawi, Western Union Agent 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 3 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
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Send money to Malawi
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How long does it take to send money from South Africa to Malawi?
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