Convert Norwegian Krone to Mozambican Metical
Please provide values below to convert Norwegian Krone [NOK] to Mozambican Metical [MZN], or Convert Mozambican Metical to Norwegian Krone.
How to Convert Norwegian Krone to Mozambican Metical
1 NOK = 0.158934838885108 MZN
Example: convert 15 NOK to MZN:
15 NOK = 15 × 0.158934838885108 MZN = 2.38402258327662 MZN
Norwegian Krone to Mozambican Metical Conversion Table
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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.