Converting from Mozambican Metical (MZN) to Paraguayan Guarani (PYG)

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 previous currency known as the Mozambique escudo. The currency is named after the historical "metical," a gold coin that was widely used in East Africa during the 19th century.

The symbol for the metical is "MT" and it is subdivided into 100 centavos. Banknotes are issued in denominations of 20, 50, 100, 200, 500, and 1,000 meticais, while coins are available in 1, 2, 5, 10, 20, and 50 centavos, as well as 1, 2, 5, and 10 meticais. The metical is regulated by the Bank of Mozambique, which is responsible for issuing the currency and managing monetary policy within the country.

In recent years, the metical has faced various challenges, including inflation and currency devaluation. As a result, the exchange rate fluctuates regularly, influencing the purchasing power of the Mozambican people and the economy at large. Understanding the value of the metical is essential for anyone doing business in Mozambique or traveling there.

What is Paraguayan Guarani (PYG)

The Paraguayan guarani (PYG) is the official currency of Paraguay, a landlocked country in South America. The guarani was first introduced in 1944, replacing the previous currency known as the paraguayo. It is named after the indigenous Guarani people, who inhabit parts of Paraguay and surrounding regions.

The guarani is represented by the symbol "₲" and is subdivided into 100 céntimos. The currency is available in both banknotes and coins, with banknotes issued in denominations of 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000 guaraníes. Coins come in various denominations, including 50, 100, 500, and 1,000 guaraníes.

Like the metical, the guarani has experienced fluctuations in its value, which can affect exchange rates and inflation within Paraguay. The Central Bank of Paraguay oversees the regulation of the guarani, ensuring its stability and managing the nation’s monetary policy.

Converting MZN to PYG

When converting Mozambican meticais to Paraguayan guaraníes, it is essential to check the current exchange rate, as it can change frequently due to market conditions. To get the value in guaraníes, you can use the formula:

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

For example, if the exchange rate is 50 PYG for 1 MZN, converting 100 MZN would yield:

Amount in PYG = 100 × 50 = 5,000 PYG

By staying informed about the exchange rates between the Mozambican metical and the Paraguayan guarani, you can make better financial decisions whether you are traveling or engaging in trade.