Convert Mozambican Metical to Guatemalan Quetzal
Please provide values below to convert Mozambican Metical [MZN] to Guatemalan Quetzal [GTQ], or Convert Guatemalan Quetzal to Mozambican Metical.
How to Convert Mozambican Metical to Guatemalan Quetzal
1 MZN = 8.28987452278265 GTQ
Example: convert 15 MZN to GTQ:
15 MZN = 15 × 8.28987452278265 GTQ = 124.34811784174 GTQ
Mozambican Metical to Guatemalan Quetzal 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.
Guatemalan Quetzal
The Guatemalan Quetzal (GTQ) is the official currency of Guatemala, used for all monetary transactions within the country.
History/Origin
The Quetzal was introduced as the official currency of Guatemala in 1925, replacing the Guatemalan peso. It was named after the quetzal bird, a symbol of liberty in Guatemala, and was initially pegged to the US dollar. The currency has undergone various reforms and decimalization since its inception.
Current Use
Today, the GTQ is widely used throughout Guatemala for everyday transactions, banking, and trade. It is managed by the Bank of Guatemala and remains the country's legal tender.