Convert Australian Dollar to Mozambican Metical
Please provide values below to convert Australian Dollar [AUD] to Mozambican Metical [MZN], or Convert Mozambican Metical to Australian Dollar.
How to Convert Australian Dollar to Mozambican Metical
1 AUD = 0.0240355975813512 MZN
Example: convert 15 AUD to MZN:
15 AUD = 15 × 0.0240355975813512 MZN = 0.360533963720268 MZN
Australian Dollar to Mozambican Metical Conversion Table
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Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.
Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.