Converting from Mozambican Metical (MZN) to Cambodian Riel (KHR)

What is Mozambican Metical (MZN)

The Mozambican Metical (MZN) is the official currency of Mozambique, a country located in Southeast Africa. Introduced in 1980, the metical replaced the escudo at a rate of 1 metical to 100 escudos. The currency is named after a local term for the "knife," which symbolizes a tool essential for the daily lives of the Mozambican people.

The metical is subdivided into 100 centavos, though in practice, centavos are not commonly used due to inflation and the high cost of living. The currency is issued and regulated by the Bank of Mozambique. Banknotes are available in denominations of 20, 50, 100, 200, 500, and 1,000 meticais, while coins come in denominations of 1, 2, 5, 10, and 20 meticais, along with a few centavo coins.

Exchange rates for the metical can fluctuate significantly due to various economic factors, including inflation rates, trade balance, and political stability in the region. Mozambican metical plays a crucial role in facilitating trade and economic activities within Mozambique and with neighboring countries.

What is Cambodia Riel (KHR)

The Cambodian Riel (KHR) is the official currency of Cambodia, a nation located in Southeast Asia. Introduced in 1980, the riel replaced the Cambodian riel (also known as the "riel" prior to its demise in the Khmer Rouge era) and has since been revived as the national currency. The name "riel" comes from the local word for "to reel or wind," representing the country's history and cultural identity.

The riel is divided into 100 sen, although sen is rarely used in everyday transactions due to its low value. In practice, the United States dollar (USD) is widely accepted and often used alongside the riel for most business transactions. The National Bank of Cambodia is responsible for issuing and regulating the riel, ensuring its stability in the market.

Banknotes of the riel are issued in denominations of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000 riels. These notes feature images of significant cultural and historical figures, landmarks, and the rich heritage of Cambodia.

Converting MZN to KHR

When converting the Mozambican Metical (MZN) to the Cambodian Riel (KHR), it is essential to check the current exchange rate to find the equivalent amount. The conversion formula can be expressed as:

Amount in KHR = Amount in MZN × Exchange Rate (MZN to KHR)

Keep in mind that exchange rates can be volatile and may vary depending on the source, so it is advisable to consult reliable financial institutions or online currency converters for the latest rates when planning any transactions involving these currencies.