Foreign exchange guide to Mozambique and the Mozambican metical
What's in this Mozambique currency guide?
The official currency of Mozambique (country code: MZ) is the Mozambican metical, with symbol MT and currency code MZN.
The Mozambican metical (MZN) is the official currency of Mozambique, a country located in southeastern Africa. Here are a few things to know about the Mozambican metical:
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.
Mozambique is a beautiful and exotic country located on the southeastern coast of Africa. The country is bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, and Zimbabwe and South Africa to the west. Mozambique has a long and varied history, and its culture is a mix of African and Portuguese influences. The official language of Mozambique is Portuguese, but there are many other languages spoken in the country, including Swahili and English. Mozambique is a popular tourist destination for its stunning beaches, wildlife, and cultural attractions. Expats living in Mozambique will find a warm and welcoming community, and a country that offers a unique and unforgettable experience.
Some of the best things to do and see in Mozambique include exploring the country's beautiful beaches, snorkelling and scuba diving in its crystal clear waters, and visiting the Bazaruto and Quirimbas Islands. For those interested in history and culture, a visit to the Mozambique Island and Historic Centre, a UNESCO World Heritage Site, is a must. Nature lovers will enjoy wildlife viewing in Gorongosa National Park and visiting the Niassa Reserve.
1. Travel insurance is essential when traveling to Mozambique. Be sure to purchase a policy that covers you for medical expenses, repatriation and evacuation.
2. Mozambique is a malaria-prone country. Be sure to take the necessary precautions to protect yourself from mosquito bites, including using insect repellent and sleeping under a mosquito net.
3. Mozambique is a cash-only economy. Be sure to bring enough US dollars to cover your expenses.
4. There is a risk of contracting HIV/AIDS in Mozambique. Be sure to practice safe sex and avoid sharing needles.
5. The best time to visit Mozambique is between May and October, when the weather is dry and cool.
Mozambique is a safe country to visit. However, visitors should be aware of the potential for political and civil unrest, as well as crime. There is also a risk of contracting diseases such as malaria and cholera.
The cost of living in Mozambique is relatively low when compared to other countries in Africa. A person can expect to live on around $2 per day.
The domestic currency in Mozambique is the Mozambican metical.
The three letter currency code for the Mozambican metical is MZN — symbol is MT.
It is the domestic currency in   Mozambique.
No, the Mozambican metical is freely available and convertible. See guide: What is a closed currency?
|$ 1||MT 63.87|
|$ 5||MT 319.35|
|$ 10||MT 638.70|
|$ 20||MT 1,277|
|$ 50||MT 3,194|
|$ 100||MT 6,387|
|$ 250||MT 15,968|
|$ 500||MT 31,935|
|$ 1,000||MT 63,870|
|$ 2,000||MT 127,740|
|$ 5,000||MT 319,350|
|$ 10,000||MT 638,700|
|$ 20,000||MT 1,277,400|
|$ 50,000||MT 3,193,500|
|$ 100,000||MT 6,387,000|
|$ 0.0157||MT 1|
|$ 0.0783||MT 5|
|$ 0.1566||MT 10|
|$ 0.3131||MT 20|
|$ 0.7828||MT 50|
|$ 1.5656||MT 100|
|$ 3.9140||MT 250|
|$ 7.8280||MT 500|
|$ 15.66||MT 1,000|
|$ 31.31||MT 2,000|
|$ 78.28||MT 5,000|
|$ 156.56||MT 10,000|
|$ 313.12||MT 20,000|
|$ 782.80||MT 50,000|
|$ 1,566||MT 100,000|
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.
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 :
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!
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Mozambique.
The expat life in Mozambique is generally good. There are many things to do and see in the country, and the people are generally friendly and welcoming. However, there are some challenges that come with living in Mozambique, such as the high cost of living and the lack of infrastructure.
The main laws that foreigners should be aware of in Mozambique are the customs laws, which regulate the import and export of goods into and out of the country. There are also laws governing the work of foreigners in Mozambique, as well as taxation laws.
Doing business in Mozambique can be challenging due to the country's infrastructure deficiencies, bureaucratic procedures, and lack of transparency. Additionally, firms operating in Mozambique may face corruption and bribery.
The economy of Mozambique has been growing steadily since the country's independence in 1975. However, it is still one of the world's poorest countries, with a per capita income of just $1,180 in 2017. The vast majority of the population still lives in poverty, and unemployment is high.
Here we list some key points for expats and businesses to consider when managing financial dealings in Mozambique:
Understand Mozambican metical currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the MZN exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Mozambican metical bank account: A local MZN bank account can make it easier for you to manage your finances and pay bills while you are in Mozambique. It may also be more convenient to use a local MZN bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Mozambique. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Mozambique. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Mozambique, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.