Currency.Wiki

1 Euro to Mozambican Metical

Updated 8 minutes ago
Convert 1 EUR:MZN
 EUR =
    MZN
 Euro =  Mozambican Meticals
Trending: € exchange rates for the last 24 hours
  • EUR/USD 1.069450 -0.01478759
  • EUR/JPY 169.074712 8.40674842
  • EUR/GBP 0.856382 0.00242170
  • EUR/CHF 0.978416 0.04124251
  • EUR/MXN 18.351870 -0.26891415
  • EUR/INR 89.194758 -0.92543561
  • EUR/BRL 5.471627 0.14288554
  • EUR/CNY 7.748808 0.05434140

EUR/MZN exchange rate analysis over the past 90 days

Euro to Mozambican Metical exchange rate: Over the last 90 days, the Euro weakened by -1.18% against the Mozambican Metical, declining from MTn69.2557 to MTn68.4448 per Euro. This trend reflects the evolving economic dynamics between the European Union and the Mozambique. Factors contributing to this weakening may include:

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

eur/mzn Historical Chart

Euro Currency

Country: European Union

Symbol:

ISO Code: EUR

Bank: European Central Bank

Interesting fact about Euro

The Euro banknotes vary in color and size, with denominations ranging from €5 to €500. Each banknote represents a specific architectural period. The coins have a common European side and a national side, with values of 1 cent to €2. The designs portray national symbols, historic figures, and important cultural elements. Both the banknotes and coins include security features such as holograms, microprinting, and raised print to prevent counterfeiting.

MTn
Mozambican Metical Currency

Country: Mozambique

Symbol: MTn

ISO Code: MZN

Bank: Banco de Moçambique

Interesting fact about Mozambican Metical

The Mozambican Metical (MZN) banknotes are made of polymer and come in denominations of 20, 50, 100, 200, 500, and 1000. The banknotes showcase notable Mozambican landmarks, flora, fauna, and cultural symbols. The coins are made of nickel-plated steel and come in denominations of 1, 5, 10, and 20 centavos, as well as 1, 2, 5, 10, and 20 meticais. The coins feature Mozambique's coat of arms and numeric values.

Quick Conversion Guide

Frequently Asked Questions

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The Euro 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 EUR to MZN is MTn68.44.
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Yes, our site provides historical charts that show the trends and fluctuations in the Euro 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.