Convert Mozambican Metical to Chinese Yuan
Convert Mozambican Metical (MZN) to Chinese Yuan (CNY) using daily updated exchange rates.
Loading exchange rates...
Exchange Rate
Exchange rates are updated daily.
Loading current rate...
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 Chinese Yuan
The Chinese Yuan (CNY), also known as the Renminbi (RMB, meaning "people's currency"), is the official currency of the People's Republic of China. Introduced in 1949 when the People's Republic was founded, it replaced multiple currencies issued by various warlords and governments. The People's Bank of China manages monetary policy using a managed floating exchange rate with reference to a basket of currencies. The yuan became an IMF Special Drawing Rights (SDR) reserve currency in 2016, recognising China's role as the world's second largest economy.
Quick Reference Table
| Mozambican Metical (MZN) | Chinese Yuan (CNY) |
|---|---|
| Loading rates... | |
Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).