Convert Philippine Peso to Mozambican Metical
Please provide values below to convert Philippine Peso [PHP] to Mozambican Metical [MZN], or Convert Mozambican Metical to Philippine Peso.
How to Convert Philippine Peso to Mozambican Metical
1 PHP = 0.895005367614814 MZN
Example: convert 15 PHP to MZN:
15 PHP = 15 × 0.895005367614814 MZN = 13.4250805142222 MZN
Philippine Peso to Mozambican Metical Conversion Table
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Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.
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.