Converting from Mozambican Metical (MZN) to Kenyan Shilling (KES)

What is Mozambican Metical (MZN)

The Mozambican metical (MZN) is the official currency of Mozambique, a country located in southeastern Africa. The metical was first introduced in 1980, replacing the former currency known as the Mozambican escudo. The name “metical” is derived from the Arabic word "mithqal," which means “weight.” The currency is abbreviated as MZN, and its symbol is often represented as MT or simply M.

The metical is subdivided into 100 centavos, although centavo coins are not commonly used in everyday transactions. The currency comes in both coins and banknotes, with banknotes ranging from denominations of 20 to 2,000 meticals. The central bank that manages the issuance and regulation of the metical is the Banco de Moçambique. The value of the metical can be affected by various economic factors including inflation, government policies, and external market forces. As Mozambique develops its economy, understanding the value of the metical is vital for trade and financial transactions, both domestically and internationally.

What is Kenyan Shilling (KES)

The Kenyan shilling (KES) is the official currency of Kenya, a country in East Africa. The shilling has been used since the 1960s and is abbreviated as KES. Its symbol is "KSh." The shilling is further divided into 100 cents, although coins are often less common than banknotes in daily transactions.

Kenya's central bank, the Central Bank of Kenya, is responsible for issuing and regulating the shilling. Over the years, the Kenyan shilling has gone through various fluctuations in value, influenced by factors such as economic growth, inflation, and monetary policy. Banknotes come in various denominations ranging from 50 to 1,000 shillings, while coins are available in smaller denominations. The shilling serves not only as a means of trade but also as a reflection of the economic health of Kenya.

When converting from MZN to KES, it is crucial to consider the exchange rate, which can vary widely based on economic conditions and market dynamics. The exchange rate indicates how much one currency is worth compared to another. For instance, if the current exchange rate is 1MZN=0.066KES, then to convert 100 MZN, you would multiply it by the exchange rate:

100 MZN × 0.066 KES/MZN = 6.6 KES

Understanding the conversion between the Mozambican metical and the Kenyan shilling can be essential for travelers, businesses, and individuals engaging in trade or investments, enabling them to manage their finances more effectively across borders.