Converting from Mozambican Metical (MZN) to Iranian Rial (IRR)

What is Mozambican Metical (MZN)

The Mozambican metical (MZN) is the official currency of Mozambique, a country located in southeastern Africa. The metical was introduced in 1980, replacing the Mozambican escudo at a rate of 1 metical to 100 escudos. The name "metical" is derived from the Arabic word "māṭiq" which means "money."

The metical is subdivided into 100 centavos, though the usage of centavos has diminished over the years. Banknotes are available in denominations of 20, 50, 100, 200, 500, and 1000 meticais, while coins are available in smaller denominations. The Central Bank of Mozambique is responsible for issuing the metical and managing its stability.

The value of the metical can be affected by various factors, including economic stability, inflation rates, and government policies. Mozambique's economy primarily relies on agriculture, mining, and tourism, influencing the metical's exchange rate against other currencies, such as the Iranian rial.

What is Iran Rial (IRR)

The Iranian rial (IRR) is the official currency of Iran, a country located in the Middle East. The rial has a long history, having been introduced in the 19th century. In recent years, due to high inflation and economic issues, the currency has significantly depreciated, resulting in a complex currency system where the rial is often represented in larger units called toman (1 toman equals 10 rials).

The rial has been issued in various denominations, with the central bank of Iran, Bank Markazi Jomhoori Islami Iran, responsible for its regulation. Current denominations include banknotes of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000 rials. Due to economic sanctions and currency devaluation, the rial's exchange rate is often quite volatile, making conversions to and from other currencies crucial for international trade and travel.

Converting MZN to IRR

When considering converting Mozambican metical to Iranian rial, it is important to check the latest exchange rates. The value of each currency can fluctuate significantly over time, influenced by economic factors in both countries.

To convert from MZN to IRR, one can use the following formula:

Amount in IRR = Amount in MZN × Conversion Rate

To get the most accurate rate, check reputable financial websites or currency exchange platforms. This conversion can be particularly useful for travelers or businesses engaging in trade between Mozambique and Iran. Understanding the values of both currencies can help ensure that you make informed decisions, whether you are exchanging money or planning a budget for your travels or services.