Mozambican Metical

Mozambican Metical

The metical (plural: meticais) is the currency of Mozambique, abbreviated with the symbol MZN or MT. It is nominally divided into 100 centavos. The name metical comes from Arabic مثقال (mithqāl), a unit of weight and an alternative name for the gold dinar coin that was used throughout much of Africa until the 19th century.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

4 Mozambican Metical to South African Rand exchange rates chart

4 MZN to ZAR exchange rates graph
4 MZN to ZAR Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

4 MZN to ZAR exchange rates table

Exchange MZN to ZAR
4 Mozambican Metical = 0.896 South African Rand
8 Mozambican Metical = 1.793 South African Rand
20 Mozambican Metical = 4.482 South African Rand
40 Mozambican Metical = 8.964 South African Rand
Exchange Mozambican Metical to South African Rand
4 Mozambican Metical to South African Rand Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best MZN/ZAR rate at Master Currency Foreign Exchange in Cape Town

4 MZN to ZAR exchange rates at Master Currency Foreign Exchange in Cape Town
4 Mozambican Metical = 21.027 South African Rand
Master Currency Foreign Exchange
Master Currency Foreign Exchange

Master Currency is the preferred foreign exchange solution provider for thousands of business and leisure travellers. Our foreign exchange bureaus are conveniently situated in major metropolitan centres across South Africa, with a strong presence at international airports. Our products and services include: South Africa’s widest range of World Currency Cards (preloaded with destination currency), foreign bank notes, Western Union money transfers, drafts and telegraphic transfers. Master...

Best MZN/ZAR rate at Bidvest Bank in Johannesburg

4 MZN to ZAR exchange rates at Bidvest Bank in Johannesburg
4 Mozambican Metical = 0.761 South African Rand
Bidvest Bank
Bidvest Bank

We’re a leading second tier bank and a subsidiary of The Bidvest Group Limited. Our strategy includes diversifying a historically forex- and fleet-focused customer base to one of business and personal banking services. This diversification strategy, combined with a prudent lending philosophy resulted in the recent upgrade, by Moody’s Financial Services, of Bidvest Bank’s long-term national scale rating from A1 to Aa2, an increase of two notches. About Us Bidvest Bank is an entrepreneurial...

4 MZN to ZAR exchange rates news

Mozambique: The anatomy of corruption | Southern Africa

The Africa Report shines a light on how an African government crafted a shady deal, with the help of international contractors and big banks, that the country’s citizens will be paying for over decades to come

about 2 months conditional neutral
Mozambique: Central Bank Leaves Interest Rates Unchanged

The Monetary Policy Committee of the Bank of Mozambique, at a meeting on Monday, decided to keep the central bank's benchmark interest rate unchanged at 15 per cent.

2 months indicative neutral
Mozambican SOEs fail to account for $500m | IOL Business Report

Loans are being investigated

over 1 year conditional neutral
Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

about 1 month conditional positive
South Africa's Rand Falls to 2-Year Low As Turkey Rout Spreads

Magnitude of rand's slide came after three days of heavy losses and caught South African Reserve Bank by surprise, but deputy governor at bank told Reuters that regulator was 'nowhere near' intervening to support currency

about 2 months conditional positive

4 MZN to ZAR currency converter