Convert Swiss Franc to Mozambican Metical
Please provide values below to convert Swiss Franc [CHF] to Mozambican Metical [MZN], or Convert Mozambican Metical to Swiss Franc.
How to Convert Swiss Franc to Mozambican Metical
1 CHF = 0.0124940468986503 MZN
Example: convert 15 CHF to MZN:
15 CHF = 15 × 0.0124940468986503 MZN = 0.187410703479755 MZN
Swiss Franc to Mozambican Metical Conversion Table
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Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency globally.
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.