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Mozambican currency: Metical depreciated against the Euro last week
12:26 CAT | 21 Nov 2017
The metical fell against the Euro last week as the European currency rose against the US dollar, which serves as a benchmark for foreign exchange.
In average terms, the Euro was bought in Mozambique last week for 70.78 meticais, 85 metical cents less than the previous week, according to the central bank’s average reference exchange rates.
Sale was made at 72.11 meticais, 86 metical cents more than last week.
The average Euro purchase price ranged between 70.21 and 71.20 meticais last week, while the asking price ranged between 71.51 and 72.53 meticais.
The Mozambican currency remained broadly unchanged against the US dollar with buying averages at 60.23 and sale at 61.37.
Metical/Euro average reference exchange rates
Euro … buy … sale
17 Nov … 71.10 … 72.43
16 Nov … 70.89 … 72.25
15 Nov … 71.20 … 72.53
14 Nov … 70.50 … 71.85
13 Nov … 70.21 … 71.51
Average … 70.78 … 72.11
Source: Banco de Moçambique
Source: Lusa
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