Currency in Mozambique: MZN Send & Spend FX Guide
Resources for Expats, Travelers and Entrepreneurs Navigating Life and Trade in Mozambique with the Mozambican metical.
What's in this Mozambique currency guide?
What currency is used in Mozambique?
The official currency of Mozambique (country code: MZ) is the Mozambican metical, with symbol MT and currency code MZN.
What is a good Mozambican metical exchange rate?
The BestExchangeRates.com currency comparison table below helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of rates, enter your transaction type, currencies and amount then click ‘GET RATES’:
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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?
What are equivalent amounts of EUR and MZN?
Here are some popular conversion amounts for EUR to MZN (Euro to Mozambican metical)*.
*Converted at the current EURMZN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Travel money for Mozambique
Using Wise for Mozambican metical travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.
Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.
For card purchases, if you are offered a choice of currencies always select to Pay in Mozambican metical otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want Mozambican metical cash before departure, you can save money by ordering online. You generally get better rates and can pick up the MZN cash locally or even on travel day at the airport.
USD/MZN Market Data
The below interactive chart displays the USD/MZN change and UP📈 DOWN📉 trends over the past 1 Year.
Send Money to Mozambique - Best Rates
To get a good (and fair) exchange rate when sending money to Mozambique you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Mozambican metical amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted MZN amount will be transfered to the recipient account you specify in Mozambique.
Use the above 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!
