Currency Pair MZN/PYG: An Overview

Mozambican Metical (MZN)

The Mozambican metical (MZN) is the official currency of Mozambique. Introduced in 1980, the metical is named after a traditional weight unit used in the region. The currency has undergone several reforms, with the latest transformation taking place in 2006 to stabilize the economy and simplify currency management. The metical is used in all forms of trade and economic transactions within Mozambique.

Paraguayan Guarani (PYG)

The Paraguayan guarani (PYG) is the official currency of Paraguay. Introduced in 1944, the guarani is named after the indigenous Guarani population. The currency has a long history of stability and is an integral part of Paraguay's economic system. The guarani is used in all types of economic transactions within the country and is known for its unique symbol, ₲.

Currency Conversion between MZN and PYG

Converting between the Mozambican metical and Paraguayan guarani is easy and seamless with our currency converter. Follow these steps to perform a conversion:

1. Enter the amount you want to convert.
2. Select the base currency, in this case, MZN or PYG.
3. Choose the target currency, in this case, PYG or MZN.
4. The conversion will happen automatically, and the result will be displayed instantly.

In addition to MZN and PYG, you can also convert between many other currencies on the same page. This makes it easy to compare and understand exchange rates regardless of the currencies you are working with.

Historical Exchange Rates

To provide a better understanding of the currency pair MZN/PYG, a chart with historical figures is presented along with the conversion. This offers a visual representation of how exchange rates have changed over time and can be very helpful in making financial decisions.

Visit our currency converter today to easily and quickly convert between different currencies and access historical data to make well-informed decisions.