Mozambique Metical

The Mozambique Metical decreased to 31.03 in April from 31.24 in March of 2014. Mozambique Metical averaged 30.03 from 2009 until 2014, reaching an all time high of 37 in August of 2010 and a record low of 23 in April of 2010. The USDMZN spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the MZN. While the USDMZN spot exchange rate is quoted and exchanged in the same day, the USDMZN forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Mozambique Metical - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
31.03 31.24 37.00 23.00 31.36 | 2014/05 2009 - 2014 Daily

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Mozambique Metical
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Markets Last Previous Highest Lowest Forecast Unit
Currency 31.03 2014-04-19 31.24 37.00 23.00 31.36 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Mozambican Inflation Rate Up To 3.0% in March  
The annual consumer prices in Mozambique accelerated for the first time in five months to 3.0 percent in March of 2014, from 2.38 percent recorded in February of 2014, as food and no alcoholic beverages costs edged up.
Mozambique Leaves Monetary Policy Unchanged  
At its March 12th, 2014 meeting, the Bank of Mozambique decided to leave the key lending rate unchanged at 8.25 percent, arguing it wanted to maintain a prudent monetary policy stance to mitigate the effects from recent serious flooding.
Mozambique Inflation Rate Slows to 11-Month Low  
In February of 2014, Mozambique annual inflation rate decelerated for the fifth straight month to 2.38 percent, down from 3.16 percent in January. On a monthly basis, prices slowed sharply to 0.39 percent, after rising 0.98 percent in the previous month.
Bank of Mozambique Leaves Rates Unchanged in February  
At its February 12th, 2014 meeting, Bank of Mozambique kept its main lending rate at 8.25 percent for the fourth straight meeting. The Committee took into account the need to preserve stability as well as the prevalence of several international, regional, and domestic risks.
Mozambique Inflation Rate Decelerates in January  
In January of 2014, Mozambican annual inflation rate slowed to 3.16 percent, from 3.54 percent in December. On a monthly basis, prices accelerated to 0.98 percent, the highest rate in eleven months, due to food cost.
Mozambique Leaves Rates on Hold in January  
At its January 13th, 2014 meeting, Bank of Mozambique decided to leave the benchmark interest rate on hold at 8.25 percent. In 2013, the Bank cut the interest rate by 125 bps.
Mozambique Inflation Rate Slows to 3.54% in December  
In December of 2013, Mozambican annual inflation rate slowed to 3.54 percent, the lowest rate in eleven months. Inflation a year ago was recorded at 2.02 percent.
Mozambique’s Monetary Policy Unchanged in December  
At its December 11th meeting, Bank of Mozambique kept its main lending rate at 8.25 percent as the country is on target to meet key macroeconomic goals for this year, especially inflation rate.
Mozambique Inflation Rate Decelerates in November  
In November of 2013, Mozambican inflation rate slowed for the third straight month to 4.04 percent from 4.42 percent in October.
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LATEST NEWS

Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
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