Convert Thai Baht to Mozambican Metical
Please provide values below to convert Thai Baht [THB] to Mozambican Metical [MZN], or Convert Mozambican Metical to Thai Baht.
How to Convert Thai Baht to Mozambican Metical
1 THB = 0.506309894486682 MZN
Example: convert 15 THB to MZN:
15 THB = 15 × 0.506309894486682 MZN = 7.59464841730022 MZN
Thai Baht to Mozambican Metical Conversion Table
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Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.
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.