Convert Mozambican Metical to Mexican Peso
Please provide values below to convert Mozambican Metical [MZN] to Mexican Peso [MXN], or Convert Mexican Peso to Mozambican Metical.
How to Convert Mozambican Metical to Mexican Peso
1 MZN = 3.41244462084723 MXN
Example: convert 15 MZN to MXN:
15 MZN = 15 × 3.41244462084723 MXN = 51.1866693127085 MXN
Mozambican Metical to Mexican Peso Conversion Table
| Mozambican Metical | Mexican Peso |
|---|
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.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.