Convert Mozambican Metical to Cayman Islands Dollar
Please provide values below to convert Mozambican Metical [MZN] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Mozambican Metical.
How to Convert Mozambican Metical to Cayman Islands Dollar
1 MZN = 76.3498139925597 KYD
Example: convert 15 MZN to KYD:
15 MZN = 15 × 76.3498139925597 KYD = 1145.2472098884 KYD
Mozambican Metical to Cayman Islands 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.
Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.