Convert New Taiwan Dollar to Mozambican Metical
Please provide values below to convert New Taiwan Dollar [TWD] to Mozambican Metical [MZN], or Convert Mozambican Metical to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Mozambican Metical
1 TWD = 0.461552002992661 MZN
Example: convert 15 TWD to MZN:
15 TWD = 15 × 0.461552002992661 MZN = 6.92328004488992 MZN
New Taiwan Dollar to Mozambican Metical Conversion Table
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.