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BER | Country Guides | Mozambique - MZN
Foreign exchange guide to Mozambique and the Mozambican Metical (MZN)
What's in this Mozambique currency guide?
The above interactive chart shows the USD/MZN Exchange Rate, Trends and Alerts - UPâ–˛ DOWNâ–Ľ HIGH LOW
USD/MZN 10 year historic rates & change to 26-Feb-2021 : 74.9050
$10,000 USD = MT749,050 MZN
Converted at USD/MZN interbank rate, compare Send Money and Currency Exchange exchange rates.
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?
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.
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 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!