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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 to MZN at 70.4 was trading 2.3% above AVG:68.79 with LO:66.77 and HI:70.4 (90 days). ALERT: USD/MZN rose to 90-DAY HIGHS.

US Dollar to Mozambican Metical - Historical Rates

USD/MZN rateChangePeriod
08 Jul 2020 : 70.20800.3% ▲1 Week
15 Jun 2020 : 69.74000.9% ▲30 Days
16 Apr 2020 : 67.22504.7% ▲90 Days
16 Jul 2019 : 62.060013.4% ▲1 Year
17 Jul 2015 : 38.827581.3% ▲5 Years
18 Jul 2010 : 34.9501101.4% ▲10 Years
USD/MZN 10 year historic rates & changes to 15-Jul-2020 : 70.4020
 

U$1,000 USD
=
MT70,402 MZN

Converted at USD/MZN wholesale exchange rate, compare foreign transfer and spend/travel exchange rates.

 
 

US Dollar to Mozambican Metical - Quick Conversions

USD MZN
U$ 1 MT 70.40
U$ 5 MT 352.00
U$ 10 MT 704.00
U$ 20 MT 1,408
U$ 50 MT 3,520
U$ 100 MT 7,040
U$ 250 MT 17,600
U$ 500 MT 35,200
U$ 1,000 MT 70,400
U$ 2,000 MT 140,800
U$ 5,000 MT 352,000
U$ 10,000 MT 704,000
U$ 50,000 MT 3,520,000
U$ 100,000 MT 7,040,000
More amounts
USD MZN
U$ 0.0142 MT 1
U$ 0.0710 MT 5
U$ 0.1420 MT 10
U$ 0.2841 MT 20
U$ 0.7102 MT 50
U$ 1.4204 MT 100
U$ 3.5510 MT 250
U$ 7.1020 MT 500
U$ 14.20 MT 1,000
U$ 28.41 MT 2,000
U$ 71.02 MT 5,000
U$ 142.04 MT 10,000
U$ 710.20 MT 50,000
U$ 1,420 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 exchange rate for foreign-transfers, which can be very different to the wholesale 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 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 :

  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 the above 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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