Convert Swedish Krona to Mozambican Metical
Please provide values below to convert Swedish Krona [SEK] to Mozambican Metical [MZN], or Convert Mozambican Metical to Swedish Krona.
How to Convert Swedish Krona to Mozambican Metical
1 SEK = 0.150015010460169 MZN
Example: convert 15 SEK to MZN:
15 SEK = 15 × 0.150015010460169 MZN = 2.25022515690253 MZN
Swedish Krona to Mozambican Metical Conversion Table
| Swedish Krona | Mozambican Metical |
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Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.
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.