How to send money to Nigeria from Malawi with the best MWK-NGN rate
Find money transfer deals for sending money from Malawi to Nigeria. Compare the cheapest, fastest, and most reliable providers with the best MWK to NGN exchange rates.
Read on for the best deals, expert information, and easiest ways to send money to Nigeria from Malawi.
"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 Malawi to Nigeria
While you can’t send MWK to NGN 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."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
Overall best way: Western Union Agent
We tested & reviewed 4 transfer providers, and Western Union Agent scored highly.
Sending 434,000 MWK to NGN will cost you MK13020 in fees, and you will receive 310,933.66 NGN. The delivery time is minutes - 5 days, but it depends on the day you make the transfer.
So for a great mix of cost, speed & features, make your Malawi to Nigeria transfer using Western Union Agent.
How to get the best deal on sending money from Malawi to Nigeria
Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Malawi to Nigeria.
Choose a provider
Select the provider that offers you the best value on buying NGN & service for your needs.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Considerations when sending from Malawi to Nigeria
Comparing money transfer companies with services between Malawi and Nigeria, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.
For this route, we’ve compared 4 providers providing services between Malawi and Nigeria. This ensures you will get the best options when sending Naira to Nigeria.
Over the last 7 days, we’ve picked Western Union Agent as the best overall provider. However, comparing based on the amount you want to send to Nigeria will provide a specific provider that’s best for transferring money from Malawi.
Cheapest way to send money to Nigeria from Malawi: Mukuru
Data collected through our comparison over the past week shows that Mukuru is 1.99% cheaper than the second-best option.
The cost is made up of a fee of 30380.000000000004 MWK and an exchange rate for buying Naira with Kwacha that is 1% different to the mid-market rate.
If you want to secure the best rates on a Malawi to Nigeria transfer, Mukuru offers value. We would still recommend searching for the amount you want to send to Nigeria.
Fastest money transfers from Malawi to Nigeria: PayPal App (P2P Transfer).
Based on our recent data, transfer time for a MK434,000 transfer to Nigeria 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 Malawi to Nigeria through PayPal App (P2P Transfer) will cost you 17360 MWK in fees & small markup.
PayPal App (P2P Transfer) was one of 4 money transfer providers we compared for overall speed of sending money from Malawi to Nigeria. This speed test included depositing Kwachas to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, PayPal App (P2P Transfer) is our best choice for sending from Malawi to Nigeria.
Transfer a large sum of money
From 4 money transfer companies compared, Western Union Agent is the best option for large transfers from Malawi to Nigeria.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from Malawi to Nigeria can become expensive if you use a bank, or the wrong provider.
Western Union Agent is the top choice for sending large sums of money to Nigeria from Malawi because they offer a strong service and competitive exchange rates.
Understanding the cost of sending money from Malawi to Nigeria
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Malawi to Nigeria.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Naira for your Kwacha. The current MWK-NGN mid-market rate is 0.7863 NGN per Kwacha.
This rate changes regularly so it can pay to track it. For comparison, the MWK-NGN mid-market rate for the past 7 days has averaged 0.7971 NGN per Kwacha, with a low of 0.7942 and a high of 0.8051.
Mukuru is currently offering the best exchange rate from the 4 companies compared.
Often the MWK-NGN exchange rate you pay is the biggest cost factor when transferring Kwachas to Nigeria.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Kwacha you’re sending to Nigeria. Mukuru currently has the lowest fees for transfers into NGN of just 30380.000000000004 MWK. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Naira is the biggest indicator of the total cost of sending money to Nigeria from Malawi. The bigger the amount received in Nigeria, the lower the overall cost of sending from Malawi.
Finding the best exchange rate for Kwacha to Naira
Timing is essential for sending money between MWK and NGN. The exchange rate you secure impacts how much NGN you get for your MWK.
Over the last week, here’s what we’ve seen:
The exchange rate from MWK to NGN averaged 0.7971 NGN.
The highest value recorded was 0.8051 NGN, while the lowest was 0.7942 NGN.
There are currently 4 providers offering transfers between Malawi and Nigeria close to this rate
Want to secure the best MWK-Naira exchange rates?
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Paying for your Malawi to Nigeria money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Malawi to Nigeria.
By using a money transfer company such as Mukuru to send money from Malawi to Nigeria, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.
On average, Mukuru is the cheapest money transfer provider for bank transfers from the 4 we tested when sending MWK to Nigeria.
With a fee of MWK30380.000000000004 to send money from Malawi to Nigeria, Mukuru offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Malawi to Nigeria with a prepaid or debit card is very easy with Western Union Agent.
Western Union Agent is a great choice for sending money with a debit card from Malawi to Nigeria. This is from the 4 money transfer companies compared.
Credit cards
When it comes to credit card transfers from Malawi to Nigeria, we to get the best deal.
Be careful of fees: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Malawi.
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 Malawi to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MWK to NGN.
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 Malawi
Send money to Nigeria
How much money can be transferred from Malawi to Nigeria?
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Can I send money from Malawi to Nigeria with MoneyTransfers.com?
What are the typical transfer fees for sending Kwachas to Nigeria through various providers?
How long does it take to send money from Malawi to Nigeria?
What is the best exchange rate I can get for sending money from Malawi to Nigeria?
Are there any minimum or maximum transfer amounts for sending money from Malawi to Nigeria?
Can I schedule regular transfers between Malawi and Nigeria?
Tools & resources
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