October 2026 · prepared 5 Oct 2026 for Sample committee. Compiled from the Reserve Bank of Malawi’s auction results, nine other central banks, the daily FX reference and the Afronomics index. Every figure carries its source.
| Tenor | Rate | 1m | 1y | 12 months | Latest |
|---|---|---|---|---|---|
| 91-day | 12.00% | ±0 | −400 | 29 Sept 2026 | |
| 182-day | 14.50% | −50 | −550 | 29 Sept 2026 | |
| 364-day | 16.00% | ±0 | −1000 | 29 Sept 2026 |
The rate is the average yield of allotted bids. 1m and 1y: change in basis points against the auction closest to one month and one year earlier.
Put MWK 1,000,000 into the 364-day bill at this auction and you get back MWK 1,160,000 after 12 months: MWK 160,000 in interest before any withholding tax, about MWK 13,333 a month. That is the same as at the previous auction.
Malawi ranks 2 of 10 markets by one-year rate, contributing 16.00% against an index of 12.33% (week of 5 Oct 2026).
1745.26 per dollar on 5 Oct 2026, +0.13% over the month (positive = stronger).
| Market | 91-day | 1m | 182-day | 1m | 364-day | 1m | 364-day, 12 months | Latest |
|---|---|---|---|---|---|---|---|---|
| Egypt | 24.56% | +43 | 25.51% | +5 | 25.67% | +68 | 29 Sept 2026 | |
| Ghana | 4.68% | −111 | 6.37% | −132 | 9.83% | −313 | 28 Sept 2026 | |
| Kenya | 8.77% | ±0 | 8.89% | −5 | 9.04% | +1 | 5 Oct 2026 | |
| Malawi | 12.00% | ±0 | 14.50% | −50 | 16.00% | ±0 | 29 Sept 2026 | |
| Mozambique | 12.11% | ±0 | 12.15% | −4 | 12.09% | −5 | 1 Oct 2026 | |
| Nigeria | 15.50% | −80 | 15.80% | −70 | 15.89% | −95 | 23 Sept 2026 | |
| South Africa | 6.93% | +13 | 7.52% | +36 | 7.50% | +27 | 28 Sept 2026 | |
| Tanzania | 3.39% | −1 | 5.29% | +23 | 6.29% | −36 | 23 Sept 2026 | |
| Uganda | 9.75% | ±0 | 10.00% | ±0 | 11.00% | ±0 | 3 Sept 2026 | |
| Zambia | 8.50% | −200 | 9.10% | −175 | 10.00% | −190 | 1 Oct 2026 |
| Market | 364-day | Inflation | Real |
|---|---|---|---|
| Egypt | 25.67% | 14.1% 2025 | +11.60 |
| Mozambique | 12.09% | 4.4% 2025 | +7.72 |
| Uganda | 11.00% | 3.6% 2025 | +7.42 |
| Kenya | 9.04% | 4.1% 2025 | +4.97 |
| South Africa | 7.50% | 3.2% 2025 | +4.29 |
| Tanzania | 6.29% | 3.3% 2025 | +2.96 |
| Zambia | 10.00% | 13.9% 2025 | −3.91 |
| Ghana | 9.83% | 14.2% 2025 | −4.37 |
| Nigeria | 15.89% | 23.0% 2025 | −7.12 |
| Malawi | 16.00% | 28.4% 2025 | −12.37 |
12.33% for the week of 5 Oct 2026, −7 bps w/w, −228 bps y/y.
| # | Market | 364-day | w/w | Date |
|---|---|---|---|---|
| 1 | Egypt | 25.67% | +21 | 29 Sept 2026 |
| 2 | Malawi | 16.00% | ±0 | 29 Sept 2026 |
| 3 | Nigeria | 15.89% | ±0 | 23 Sept 2026 |
| 4 | Mozambique | 12.09% | ±0 | 30 Sept 2026 |
| 5 | Uganda | 11.00% | ±0 | 3 Sept 2026 |
| 6 | Zambia | 10.00% | −90 | 1 Oct 2026 |
| 7 | Ghana | 9.83% | ±0 | 28 Sept 2026 |
| 8 | Kenya | 9.04% | ±0 | 5 Oct 2026 |
| 9 | South Africa | 7.50% | ±0 | 28 Sept 2026 |
| 10 | Tanzania | 6.29% | ±0 | 23 Sept 2026 |
| Currency | Now | Month ago | Change |
|---|---|---|---|
| Kenya shilling KES | 129.58 | 129.68 | +0.08% |
| Nigerian naira NGN | 1331.28 | 1327.24 | −0.30% |
| South African rand ZAR | 16.6586 | 16.4069 | −1.51% |
| Ghanaian cedi GHS | 11.6173 | 11.7012 | +0.72% |
| Egyptian pound EGP | 52.2475 | 52.0920 | −0.30% |
| Ugandan shilling UGX | 3932.95 | 3830.61 | −2.60% |
| Tanzanian shilling TZS | 2647.63 | 2615.17 | −1.23% |
| Zambian kwacha ZMW | 19.7467 | 19.5612 | −0.94% |
| Malawian kwacha MWK | 1745.26 | 1747.53 | +0.13% |
| Mozambican metical MZN | 63.8385 | 63.7815 | −0.09% |
| Rwandan franc RWF | 1478.71 | 1476.65 | −0.14% |
| Ethiopian birr ETB | 161.51 | 162.45 | +0.58% |
| West African CFA franc XOF | 583.03 | 578.23 | −0.82% |
| Moroccan dirham MAD | 9.9195 | 9.6647 | −2.57% |
Positive change means the currency strengthened against the dollar.
| Market | Expected | Rhythm |
|---|---|---|
| Ghana | 5 Oct 2026 | every 7 days · last 28 Sept |
| South Africa | 5 Oct 2026 | every 7 days · last 28 Sept |
| Egypt | 6 Oct 2026 | every 7 days · last 29 Sept |
| Malawi | 6 Oct 2026 | every 7 days · last 29 Sept |
| Nigeria | 7 Oct 2026 | every 14 days · last 23 Sept |
| Tanzania | 7 Oct 2026 | every 14 days · last 23 Sept |
| Mozambique | 8 Oct 2026 | every 7 days · last 1 Oct |
| Kenya | 12 Oct 2026 | every 7 days · last 5 Oct |
| Uganda | 15 Oct 2026 | every 14 days · last 3 Sept |
| Zambia | 15 Oct 2026 | every 14 days · last 1 Oct |
Projected from each central bank’s auction rhythm, not an official calendar.