Convert Saint Helena Pound to Mozambican Metical
Please provide values below to convert Saint Helena Pound [SHP] to Mozambican Metical [MZN], or Convert Mozambican Metical to Saint Helena Pound.
How to Convert Saint Helena Pound to Mozambican Metical
1 SHP = 0.0116358572387355 MZN
Example: convert 15 SHP to MZN:
15 SHP = 15 × 0.0116358572387355 MZN = 0.174537858581032 MZN
Saint Helena Pound to Mozambican Metical Conversion Table
| Saint Helena Pound | Mozambican Metical |
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.