Convert Mozambican Metical to Canadian Dollar
Please provide values below to convert Mozambican Metical [MZN] to Canadian Dollar [CAD], or Convert Canadian Dollar to Mozambican Metical.
How to Convert Mozambican Metical to Canadian Dollar
1 MZN = 46.6952660550459 CAD
Example: convert 15 MZN to CAD:
15 MZN = 15 × 46.6952660550459 CAD = 700.428990825688 CAD
Mozambican Metical to Canadian 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.
Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.