Convert Mozambican Metical to Malaysian Ringgit
Please provide values below to convert Mozambican Metical [MZN] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Mozambican Metical.
How to Convert Mozambican Metical to Malaysian Ringgit
1 MZN = 15.0357564872146 MYR
Example: convert 15 MZN to MYR:
15 MZN = 15 × 15.0357564872146 MYR = 225.53634730822 MYR
Mozambican Metical to Malaysian Ringgit 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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.