Convert Macanese Pataca to Mozambican Metical
Please provide values below to convert Macanese Pataca [MOP] to Mozambican Metical [MZN], or Convert Mozambican Metical to Macanese Pataca.
How to Convert Macanese Pataca to Mozambican Metical
1 MOP = 0.127087514912224 MZN
Example: convert 15 MOP to MZN:
15 MOP = 15 × 0.127087514912224 MZN = 1.90631272368336 MZN
Macanese Pataca to Mozambican Metical Conversion Table
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Macanese Pataca
The Macanese Pataca (MOP) is the official currency of Macau, used for everyday transactions and financial dealings within the region.
History/Origin
Introduced in 1999, the Pataca replaced the Macau pataca, and has since been pegged to the Hong Kong dollar at a fixed rate, reflecting Macau's economic ties with Hong Kong and China.
Current Use
The Pataca remains the primary currency in Macau, widely used for commerce, banking, and tourism-related transactions.
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.