Official exchange rate in Malawi
Malawi: Official exchange rate was 1,161 LCU per US$, period average in 2023. ◆ Volatile
Official exchange rate in Malawi, 1960–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$, period average.
Analysis
In 2023, official exchange rate in Malawi stood at 1,161 LCU per US$, period average. That is the highest value across all 64 years on record.
That represents a change of up 22.3% on the previous year and up 218.6% over ten years.
Over the whole period, official exchange rate in Malawi peaked at 1,161 LCU per US$, period average in 2023 and was at its lowest, 0.7143 LCU per US$, period average, in 1960.
That places Malawi 28th out of 214 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.7391 LCU per US$, period average | 0.7143 LCU per US$, period average | 0.8333 LCU per US$, period average | 10 |
| 1970s | 0.8467 LCU per US$, period average | 0.8016 LCU per US$, period average | 0.913 LCU per US$, period average | 10 |
| 1980s | 1.65 LCU per US$, period average | 0.8121 LCU per US$, period average | 2.76 LCU per US$, period average | 10 |
| 1990s | 14.45 LCU per US$, period average | 2.73 LCU per US$, period average | 44.09 LCU per US$, period average | 10 |
| 2000s | 109.08 LCU per US$, period average | 59.54 LCU per US$, period average | 141.17 LCU per US$, period average | 10 |
| 2010s | 477.12 LCU per US$, period average | 150.49 LCU per US$, period average | 745.54 LCU per US$, period average | 10 |
| 2020s | 916.39 LCU per US$, period average | 749.53 LCU per US$, period average | 1,161 LCU per US$, period average | 4 |
Countries ranked near Malawi
- 25 Yemen 1,355 LCU per US$, period average compare
- 26 Iraq 1,300 LCU per US$, period average compare
- 27 Argentina 1,241 LCU per US$, period average compare
- 29 Chile 951.33 LCU per US$, period average compare
- 30 Angola 911.99 LCU per US$, period average compare
- 31 Benin 581.93 LCU per US$, period average compare
- 31 Burkina Faso 581.93 LCU per US$, period average compare
- 31 Cameroon 581.93 LCU per US$, period average compare
- 31 Central African Republic 581.93 LCU per US$, period average compare
- 31 Chad 581.93 LCU per US$, period average compare
- 31 Congo 581.93 LCU per US$, period average compare
- 31 Cote d'Ivoire 581.93 LCU per US$, period average compare
- 31 Equatorial Guinea 581.93 LCU per US$, period average compare
- 31 Gabon 581.93 LCU per US$, period average compare
- 31 Guinea-Bissau 581.93 LCU per US$, period average compare
- 31 Mali 581.93 LCU per US$, period average compare
- 31 Niger 581.93 LCU per US$, period average compare
- 31 Senegal 581.93 LCU per US$, period average compare
- 31 Togo 581.93 LCU per US$, period average compare
More financial sector data for Malawi
- Net migration -5,628 (2025)
- Total reserves in months of imports 1.91 (2020)
- Net domestic credit 7.84 trillion current LCU (2024)
- Domestic credit to private sector by banks 7.7% (2024)
- Broad money 27.2% (2024)
- Net foreign assets -1.65 trillion current LCU (2024)
- Monetary Sector credit to private sector 7.9% (2024)
- Domestic credit to private sector 7.9% (2024)
- Claims on central government, etc. 27.9% (2024)
- Claims on central government 49.2% (2024)
Frequently asked questions
- What is official exchange rate in Malawi?
- Official exchange rate in Malawi was 1,161 LCU per US$, period average in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest official exchange rate recorded in Malawi?
- The highest recorded value was 1,161 LCU per US$, period average in 2023.
- What is the lowest official exchange rate recorded in Malawi?
- The lowest recorded value was 0.7143 LCU per US$, period average in 1960.
- How does Malawi rank for official exchange rate?
- Malawi ranks 28th out of 214 countries with data for 2023.
- Is official exchange rate rising or falling in Malawi?
- Over the last ten years it is up 218.6%. The long-run trend across the full record is volatile.
- Where does this Malawi data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
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About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.