Convert Canadian Dollar to Mozambican Metical
Please provide values below to convert Canadian Dollar [CAD] to Mozambican Metical [MZN], or Convert Mozambican Metical to Canadian Dollar.
How to Convert Canadian Dollar to Mozambican Metical
1 CAD = 0.0214154470995233 MZN
Example: convert 15 CAD to MZN:
15 CAD = 15 × 0.0214154470995233 MZN = 0.321231706492849 MZN
Canadian Dollar to Mozambican Metical Conversion Table
| Canadian Dollar | Mozambican Metical |
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Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.
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.