Convert United States Dollar to Mozambican Metical
Please provide values below to convert United States Dollar [USD] to Mozambican Metical [MZN], or Convert Mozambican Metical to United States Dollar.
How to Convert United States Dollar to Mozambican Metical
1 USD = 0.0157177593390997 MZN
Example: convert 15 USD to MZN:
15 USD = 15 × 0.0157177593390997 MZN = 0.235766390086495 MZN
United States Dollar to Mozambican Metical Conversion Table
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
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.