Convert Mozambican Metical to Saint Helena Pound
Please provide values below to convert Mozambican Metical [MZN] to Saint Helena Pound [SHP], or Convert Saint Helena Pound to Mozambican Metical.
How to Convert Mozambican Metical to Saint Helena Pound
1 MZN = 85.9412400378225 SHP
Example: convert 15 MZN to SHP:
15 MZN = 15 × 85.9412400378225 SHP = 1289.11860056734 SHP
Mozambican Metical to Saint Helena Pound 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.
Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.