Convert Mozambican Metical to Euro
Convert Mozambican Metical (MZN) to Euro (EUR) 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 Euro
The Euro (EUR) is the official currency of the Eurozone, comprising 20 of the 27 European Union member states - the single largest currency union in the world by GDP. Introduced in non-physical form on 1 January 1999 and as banknotes and coins on 1 January 2002, the Euro replaced participating national currencies such as the Deutsche Mark, French Franc, Italian Lira, and Spanish Peseta. The European Central Bank (ECB) in Frankfurt manages monetary policy. The Euro is the second largest reserve currency and the second most traded currency in global foreign exchange markets after the US Dollar.
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).