Convert Mozambican Metical to Bermudan Dollar
Please provide values below to convert Mozambican Metical [MZN] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Mozambican Metical.
How to Convert Mozambican Metical to Bermudan Dollar
1 MZN = 63.6223 BMD
Example: convert 15 MZN to BMD:
15 MZN = 15 × 63.6223 BMD = 954.3345 BMD
Mozambican Metical to Bermudan Dollar Conversion Table
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Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.