Malawi: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 222.6 billion Malawian Kwacha as of September 2024, a decline compared to the previous value of 223.5 billion Malawian Kwacha. Historically, the average for Malawi from January 2008 to September 2024 is 250.22 billion Malawian Kwacha. The minimum of 0.37 billion Malawian Kwacha was recorded in March 2021, while the maximum of 685.4 billion Malawian Kwacha was reached in February 2018.
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* indicates monthly or quarterly data series
- Measure: billion Malawian Kwacha
- Source: Reserve Bank of Malawi
| Recent values | Malawi: Foreign exchange reserves, billion currency units |
|---|---|
| 2024 Sep | 222.6 |
| 2024 Aug | 223.5 |
| 2024 Jun | 303 |
| 2024 Apr | 292.2 |
| 2024 Mar | 237.5 |
| 2024 Feb | 228.1 |
| 2024 Jan | 296.8 |
| 2023 Dec | 406.3 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 90.44 | 2021 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Foreign Direct Investment, percent of GDP | 1.44 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.20 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 2017 | million dollars (current) |
| Current account, percent of GDP | -16.50 | 2023 | percent |
| Current account, in dollars | -2.28 | 2023 | billion U.S. dollars |
| Trade balance, in dollars | -2.47 | 2023 | billion U.S. dollars |
| Reserves | 0.59 | 2020 | billion U.S. dollars |
| Remittances, percent of GDP | 1.85 | 2023 | percent |
| Remittances | 260.40 | 2023 | million U.S. dollars |
| Net errors and omissions | 702.08 | 2023 | million USD |
| External debt | 25.83 | 2022 | percent |
| Short-term external debt | 0.38 | 2023 | percent |
| Short-term debt to reserves | 30.01 | 2020 | percent |
| Foreign exchange reserves | 222.60 | 9/2024 | billion |