Convert Mozambican Metical to Nigerian Naira
Please provide values below to convert Mozambican Metical [MZN] to Nigerian Naira [NGN], or Convert Nigerian Naira to Mozambican Metical.
How to Convert Mozambican Metical to Nigerian Naira
1 MZN = 0.0415641075743699 NGN
Example: convert 15 MZN to NGN:
15 MZN = 15 × 0.0415641075743699 NGN = 0.623461613615549 NGN
Mozambican Metical to Nigerian Naira Conversion Table
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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.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.