Convert New Zealand Dollar to Mozambican Metical
Please provide values below to convert New Zealand Dollar [NZD] to Mozambican Metical [MZN], or Convert Mozambican Metical to New Zealand Dollar.
How to Convert New Zealand Dollar to Mozambican Metical
1 NZD = 0.0262329403369573 MZN
Example: convert 15 NZD to MZN:
15 NZD = 15 × 0.0262329403369573 MZN = 0.39349410505436 MZN
New Zealand Dollar to Mozambican Metical Conversion Table
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New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.
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.