Convert Mozambican Metical to Chinese Yuan (Offshore)
Please provide values below to convert Mozambican Metical [MZN] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Mozambican Metical.
How to Convert Mozambican Metical to Chinese Yuan (Offshore)
1 MZN = 8.87152359214275 CNH
Example: convert 15 MZN to CNH:
15 MZN = 15 × 8.87152359214275 CNH = 133.072853882141 CNH
Mozambican Metical to Chinese Yuan (Offshore) Conversion Table
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Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.