Convert Tongan Paanga to Mozambican Metical
Please provide values below to convert Tongan Paanga [TOP] to Mozambican Metical [MZN], or Convert Mozambican Metical to Tongan Paanga.
How to Convert Tongan Paanga to Mozambican Metical
1 TOP = 0.0374774253681492 MZN
Example: convert 15 TOP to MZN:
15 TOP = 15 × 0.0374774253681492 MZN = 0.562161380522238 MZN
Tongan Paanga to Mozambican Metical Conversion Table
| Tongan Paanga | Mozambican Metical |
|---|
Tongan Paanga
The Tongan Paʻanga (TOP) is the official currency of Tonga, used as the primary monetary unit for transactions within the country.
History/Origin
The Paʻanga was introduced in 1967, replacing the Tongan pound at a rate of 1 Paʻanga = 10 shillings, to modernize Tonga's currency system and facilitate easier transactions.
Current Use
Today, the Paʻanga remains the official currency of Tonga, widely used in everyday transactions, banking, and trade within the country.
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.