Converting from Mozambican Metical (MZN) to Gambian Dalasi (GMD)

What is Mozambican Metical (MZN)

The Mozambican metical (MZN) is the official currency of Mozambique, a country located on the southeastern coast of Africa. The metical was introduced in 1980, replacing the escudo at a rate of 1 metical to 1,000 escudos. The currency is named after the term “metical,” which is derived from the Arabic word "mṳṭāq," meaning “the one that is worth.”

The metical is subdivided into 100 centavos. Banknotes are issued in denominations of 20, 50, 100, 200, and 500 meticais, while coins come in 1, 2, 5, 10, 20, and 50 centavos and 1 and 2 meticais. The design of the banknotes showcases the rich natural heritage and cultural heritage of Mozambique, featuring images of prominent historical figures, flora, and fauna.

It's important to keep an eye on the economic trends and exchange rates since the value of the metical can fluctuate based on various economic indicators, including inflation rates and trade balances. Consequently, individuals and businesses involved in trade or travel may need to convert their money into various currencies, including the Gambian dalasi.

What is Gambian Dalasi (GMD)

The Gambian dalasi (GMD) is the official currency of The Gambia, a small West African nation known for its diverse ecosystems and vibrant cultural heritage. The dalasi was introduced in 1971, replacing the Gambian pound at a conversion rate of 1 dalasi to 10 pounds. The name "dalasi" comes from the word "dollars," which reflects the historical economic influences in the region.

Like the metical, the dalasi is divided into 100 bututs. The Gambia issues banknotes in denominations of 5, 10, 20, 25, 50, and 100 dalasi, with coins available in 1, 5, 10, 25, and 50 bututs. The banknotes depict various scenes from Gambian life, including traditional musical instruments, agriculture, and prominent local landmarks.

The dalasi is also subject to fluctuation based on the Gambia's economic conditions, including its agricultural output and tourism revenue. For anyone looking to convert MZN to GMD or vice versa, it is crucial to pay attention to the current exchange rates, which may vary between banks and exchange services.

Converting MZN to GMD

When converting from Mozambican metical to Gambian dalasi, you will need to check the latest exchange rates to get the most accurate conversion. The current exchange rate between currencies can be found through financial news sources or currency converter websites.

For instance, if the conversion rate is 1MZN=0.23GMD, converting 100 MZN would amount to approximately 100×0.23=23GMD.

Always remember that exchange rates may include fees depending on where you make the conversion, whether through a bank, an exchange service, or an ATM. Thus, it's advisable to clarify the rates and fees before proceeding with any currency exchange.