Convert Mozambican Metical to Swedish Krona
Please provide values below to convert Mozambican Metical [MZN] to Swedish Krona [SEK], or Convert Swedish Krona to Mozambican Metical.
How to Convert Mozambican Metical to Swedish Krona
1 MZN = 6.66599960185661 SEK
Example: convert 15 MZN to SEK:
15 MZN = 15 × 6.66599960185661 SEK = 99.9899940278491 SEK
Mozambican Metical to Swedish Krona 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.
Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.