Convert Falkland Islands Pound to Mozambican Metical
Please provide values below to convert Falkland Islands Pound [FKP] to Mozambican Metical [MZN], or Convert Mozambican Metical to Falkland Islands Pound.
How to Convert Falkland Islands Pound to Mozambican Metical
1 FKP = 0.0116358572387355 MZN
Example: convert 15 FKP to MZN:
15 FKP = 15 × 0.0116358572387355 MZN = 0.174537858581032 MZN
Falkland Islands Pound to Mozambican Metical Conversion Table
| Falkland Islands Pound | Mozambican Metical |
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Falkland Islands Pound
The Falkland Islands Pound (FKP) is the official currency of the Falkland Islands, pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1899, the Falkland Islands Pound has been used as the local currency, maintaining a fixed exchange rate with the British Pound, and has evolved alongside economic developments in the islands.
Current Use
The Falkland Islands Pound is actively used for all local transactions, issued by the Falkland Islands Monetary Authority, and is accepted alongside the British Pound within the islands.
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.