Euro to Mozambican Metical — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Mozambique

Currency Code, Symbol: MZN, MT, MTn

Denominations of coins in circulation: 50 centavos, 1, 2, 5, 10 meticais

Denominations of banknotes in circulation: 20, 50, 100, 200, 500 meticais

History: The Mozambican metical (МТН) is the official currency issued and accepted within this African country called Mozambique. Foreign currency exchange traditionally calls it MZN. The Mozambican metical is subdivided into small coins called centavos.Every MZN has 100 centavos. The currency has appeared in 1982, replacing the previous currency of escudo. Rare African animals are minted on the coins. The reverse has portraits of leopard, kingfishers, rhino, and exotic fish. There are also scenes from an agricultural life of the country.Read More