Currency.Wiki

1 Canadian Dollar to Mozambican Metical

Updated 9 minutes ago
Convert 1 CAD:MZN
 CAD =
    MZN
 Canadian Dollar =  Mozambican Meticals
Trending: CA$ exchange rates for the last 24 hours
  • CAD/USD 0.730914 -0.01224613
  • CAD/EUR 0.683448 -0.00197335
  • CAD/JPY 115.553850 5.42852558
  • CAD/GBP 0.585293 -0.00003005
  • CAD/CHF 0.668697 0.02633776
  • CAD/MXN 12.542557 -0.22053423
  • CAD/INR 60.960019 -0.81032593
  • CAD/BRL 3.739575 0.08713945
  • CAD/CNY 5.295911 0.02195570

CAD/MZN exchange rate analysis over the past 90 days

Canadian Dollar to Mozambican Metical exchange rate: Over the last 90 days, the Canadian Dollar weakened by -1.48% against the Mozambican Metical, declining from MTn47.4693 to MTn46.7785 per Canadian Dollar. This trend reflects the evolving economic dynamics between the Canada and the Mozambique. Factors contributing to this weakening may include:

  • Trade Imbalances: Disparities in trade and investment between Canada and Mozambique.
  • Regulatory Decisions: Policies or regulations affecting currency exchange or trade balance between Canada and Mozambique.
  • Economic Challenges: Factors such as GDP contraction, rising unemployment, or increased inflation in the Canada or Mozambique.
  • Global Pressures: External economic or geopolitical events that may unfavorably impact the Canada relative to the Mozambique.

The foreign exchange market operates continuously, with currency values being influenced by a myriad of global economic, political, and financial occurrences.

cad/mzn Historical Chart

CA$
Canadian Dollar Currency

Country: Canada

Symbol: CA$

ISO Code: CAD

Bank: Bank of Canada

Interesting fact about Canadian Dollar

The Canadian Dollar (CAD), Canada's official currency, is administered by the Bank of Canada. Established in 1858, the CAD supplanted numerous colonial currencies. Renowned for its stability and reliability, it is a cornerstone of Canada's economic framework, facilitating international trade and investments.

MTn
Mozambican Metical Currency

Country: Mozambique

Symbol: MTn

ISO Code: MZN

Bank: Banco de Moçambique

Interesting fact about Mozambican Metical

The Mozambican Metical (MZN) is the official currency of Mozambique. It was introduced in 1980 to replace the Escudo, the previous currency. The Metical plays a crucial role in Mozambique's economy and is used for daily transactions and economic activities. It has undergone several devaluations and currency reforms throughout its history to maintain stability and adapt to the country's economic conditions.

Quick Conversion Guide

Frequently Asked Questions

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The Canadian Dollar to Mozambican Metical exchange rate is influenced by a variety of factors including economic data, political events, central bank decisions, market sentiment, and global financial news.
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Today conversion rate from 1 CAD to MZN is MTn46.78.
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Yes, our site provides historical charts that show the trends and fluctuations in the Canadian Dollar to Mozambican Metical exchange rate over different time periods.
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While it's impossible to predict rates with certainty, staying informed about market trends and economic forecasts can help you make educated guesses.
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The exchange rate can fluctuate frequently due to the forex market's high volatility. It can change multiple times within a single day.