Converting from Angolan Kwanza (AOA) to Mauritania Ougulya (MRO)

What is Angolan Kwanza (AOA)

The Angolan Kwanza (AOA) is the official currency of Angola, a country located in Southern Africa. Introduced in 1999 to replace the former currency, the Kwanza Reais, the AOA is subdivided into 100 cents, also known as “centavos.” The currency symbol for the Kwanza is "Kz," while the ISO code is AOA.

The AOA is issued and regulated by the National Bank of Angola (BNA). The value of the Kwanza has changed significantly over the years due to economic factors, including inflation and fluctuations in oil prices, as Angola is a major oil producer. The currency has experienced devaluation against major currencies like the US dollar. For individuals and businesses engaging with Angolan currency, it is essential to keep up-to-date with exchange rates, as they can impact purchasing power and import/export activities.

In recent years, the Angolan government has implemented measures to stabilize the Kwanza, including reforms in monetary policy and efforts to diversify the economy. However, challenges still remain, and the Kwanza continues to be subject to intense market pressures.

What is Mauritania Ougulya (MRO)

The Mauritania Ougulya (MRO) is the official currency of Mauritania, a country located in West Africa. The Ougulya was introduced in 1973, replacing the previous currency, the Mauritanian ouguiya. The MRO is subdivided into 5 khoums, with the currency symbol being “UM” and the ISO code as MRO.

The Central Bank of Mauritania is responsible for issuing and regulating the Ougulya. Over time, the currency has faced its own set of challenges, including inflation and devaluation. In recent history, Mauritania has undergone a change in the currency system, with a new ougully established in 2018, worth 1,000 old ougoulas. This means that the currency in circulation has undergone a significant transformation, impacting daily transactions and pricing.

As with the Kwanza, it is crucial to monitor the exchange rates of the Ougulya, especially for businesses engaging in international trade or for individuals traveling to and from Mauritania. The economic environment in Mauritania, influenced by its natural resources and agricultural sector, can also affect the stability and value of the Ougulya.

Converting Between AOA and MRO

When converting Angolan Kwanza to Mauritania Ougulya, it is essential to use current exchange rates, which can fluctuate daily based on market conditions. The formula for conversion can be expressed as:

Amount in MRO = Amount in AOA × Exchange Rate (AOA to MRO)

Conversely, if you need to convert MRO back to AOA, you can use:

Amount in AOA = Amount in MRO × Exchange Rate (MRO to AOA)

Using accurate exchange rates ensures that individuals and businesses make informed financial decisions when transacting in these two currencies.