UK SheTrades Commonwealth+ Trade Mission boosts women-led business in Mozambique's agro-processing ...
Metical depreciates against euro in shorter week
11:35 CAT | 03 Jul 2017
The Mozambican metical depreciated against the euro last week, with the European currency coming into the country at an average of 67.96 meticais, up 1.20 meticais from the previous week.
In turn, the euro was selling for 69.29 meticais, up 1.23 meticais, according to weekly averages calculated by Lusa from Bank of Mozambique data.
The purchase price of the euro ranged between 67.26 and 68.34 meticais, while the selling price ranged between 68.57 and 69.68 meticais.
Last week was a day short thanks to the Independence Day holiday falling on a Sunday, and so being celebrated on Monday, June 26.
The devaluation of more than one metical last week has wiped out the slight appreciation of the previous two weeks. The Mozambican currency is nevertheless still displaying a trend of appreciation, after falling in September 2016 to an all-time low of 88 meticais to the euro.
Meticais average reference exchange rates of the euro.
Day … Buy … Sell
30 June … 68,34… 69.68
29 June … 68,28 … 69.63
28 June … 67,95 … 69.29
27 June … 67.26 … 68.57
26 June… holiday
Average … 67,96 … 69,29
Source: Banco de Moçambique
Source: Lusa
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.