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MZN - Mozambican Metical currency
Mozambique
The Mozambican Metical (MZN) is the official currency of Mozambique, issued by the Bank of Mozambique. The current metical (MZN) was introduced in 2006, replacing the previous currency at a rate of 1 new metical = 1,000 old meticais. The currency is subdivided into 100 centavos, though smaller denominations are rarely used due to inflation. Mozambique’s economy relies heavily on agriculture, natural gas, and mineral resources, but currency depreciation and inflation have been challenges. The metical remains one of the weaker African currencies, often subject to fluctuations due to global commodity prices and foreign investment trends.
MZN - Mozambican Metical profile
Symbol MT
ISO 4217 Code MZN
Central Bank Bank of Mozambique
Nicknames -
Countries using this currency Mozambique
MZN - Mozambican Metical live currency rates
| Currency | Rate | Change |
|---|---|---|
| AUD / INR | ||
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| EUR / INR | ||
| GBP / INR | ||
| MYR / INR | ||
| MYR / SGD | ||
| SGD / INR | ||
| SGD / MYR | ||
| USD / INR | ||
| USD / NPR |
Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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