Convert Mozambican Metical to Australian Dollar
Convert Mozambican Metical (MZN) to Australian Dollar (AUD) using daily updated exchange rates.
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Exchange Rate
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About Mozambican Metical
The Mozambican Metical (MZN) was reintroduced in 2006 at a rate of 1,000 old meticals to 1 new metical following years of inflation after Mozambique's devastating civil war that ended in 1992. The Banco de Mocambique manages monetary policy. Mozambique is a rapidly developing East African country with significant natural resources - offshore natural gas fields discovered in the Rovuma Basin are among the world's largest, positioning Mozambique for major LNG exports. The country also exports prawns, coal, aluminium, and cashew nuts. The metical is divided into 100 centavos.
About Australian Dollar
The Australian Dollar (AUD), nicknamed the "Aussie", was introduced on 14 February 1966 when Australia decimalised its currency, replacing the Australian pound at two dollars to the pound. It is the fifth most traded currency in global foreign exchange markets, reflecting Australia's status as a major commodity exporter - particularly iron ore, coal, and gold. The Reserve Bank of Australia manages monetary policy. The AUD is also legal tender in several Pacific island nations including Kiribati, Nauru, and Tuvalu.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).