Convert Mozambican Metical to Australian Dollar
Please provide values below to convert Mozambican Metical [MZN] to Australian Dollar [AUD], or Convert Australian Dollar to Mozambican Metical.
How to Convert Mozambican Metical to Australian Dollar
1 MZN = 41.6049568401779 AUD
Example: convert 15 MZN to AUD:
15 MZN = 15 × 41.6049568401779 AUD = 624.074352602668 AUD
Mozambican Metical to Australian 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.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.