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Mozambique - Mozambican Metical - Currency Guide

 

Foreign exchange guide to Mozambique and the Mozambican Metical (MZN)

     

MZN News, Forecasts and Trends

The below interactive chart shows the USD to MZN exchange rate, trend and recent alerts for the last 90 days.

   
Recent USD to MZN 90-day trend
 
ALERT:90-DAY HIGHS |
USD/MZN at 69.46 was trading 3.5% above AVG:67.1 with LO:64.64 and HI:69.46 (90 days). ALERT: USD/MZN rose to 90-DAY HIGHS.

US Dollar to Mozambican Metical - Historical Rates

USD/MZNPeriod to 02-JunDateRate
0.6% ▲1 Week26 May 202069.0600
2.3% ▲30 Days03 May 202067.8800
6.1% ▲90 Days04 Mar 202065.4625
11.6% ▲1 Year03 Jun 201962.2246
86.6% ▲5 Years04 Jun 201537.2250
104.1% ▲10 Years05 Jun 201034.0318
USD/MZN 10 year rates & changes to 02-Jun-2020 (69.4620)

US Dollar to Mozambican Metical - Quick Conversions

USD MZN
U$ 1 MT 69.46
U$ 5 MT 347.30
U$ 10 MT 694.60
U$ 20 MT 1,389
U$ 50 MT 3,473
U$ 100 MT 6,946
U$ 250 MT 17,365
U$ 500 MT 34,730
U$ 1,000 MT 69,460
U$ 2,000 MT 138,920
U$ 5,000 MT 347,300
U$ 10,000 MT 694,600
U$ 50,000 MT 3,473,000
U$ 100,000 MT 6,946,000
More amounts
USD MZN
U$ 0.0144 MT 1
U$ 0.0720 MT 5
U$ 0.1440 MT 10
U$ 0.2879 MT 20
U$ 0.7198 MT 50
U$ 1.4396 MT 100
U$ 3.5990 MT 250
U$ 7.1980 MT 500
U$ 14.40 MT 1,000
U$ 28.79 MT 2,000
U$ 71.98 MT 5,000
U$ 143.96 MT 10,000
U$ 719.80 MT 50,000
U$ 1,440 MT 100,000
More amounts

Frequently Asked Questions

 

What currency should I use in Mozambique?

The domestic currency in Mozambique is the Mozambican Metical.

What is the Mozambican Metical currency code and symbol?

The three letter currency code for the Mozambican Metical is MZN — symbol is MT.

Which countries use the Mozambican Metical?

It is the domestic currency in    Mozambique.

Is the Mozambican Metical a closed currency?

No, the Mozambican Metical is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Mozambique

Travel money for Mozambique

Save money and time by Ordering your Mozambican Metical online from Travelex, you get better rates and can pick up the MZN cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Mozambican Metical otherwise you may get much worst exchange rates.

 

Sending money to Mozambique

When searching around for information on how to get a good exchange rate when sending money to Mozambique you need to start with finding out the latest Mozambican Metical foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to Mozambique

When sending money to Mozambique it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Mozambican Metical amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted MZN amount will be transfered to the recipient account you specify in Mozambique.

Use our Send to Mozambican Metical calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Mozambican Metical deposited into the recipient bank account and less margins and fees kept by the banks!


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