Convert Mozambican Metical to Euro
Please provide values below to convert Mozambican Metical [MZN] to Euro [EUR], or Convert Euro to Mozambican Metical.
How to Convert Mozambican Metical to Euro
1 MZN = 74.6127594699191 EUR
Example: convert 15 MZN to EUR:
15 MZN = 15 × 74.6127594699191 EUR = 1119.19139204879 EUR
Mozambican Metical to Euro 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.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.