Mozambican currency recovers against Euro and US dollar

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Mozambican currency recovers against Euro and US dollar

12:19 CAT | 09 Apr 2018

The Mozambican currency last week registered one of the highest gains against the Euro since September 2017, recovering more than one metical according to the central bank’s average reference exchange rates, followed by Lusa.

The Euro was bought in Mozambique at 74.68 meticais on average last week, 1.03 meticais less than the previous week.

The sale was made at 76.13 meticais per Euro, down 1.07 on the previous week.

The daily average purchase price of the Euro ranged between 74.16 and 75.12 meticais, while the asking price ranged between 75.61 and 76.59 meticais.

The appreciation occurred in a week where the Euro depreciated against the US dollar,
the currency used to calculate the reference exchange rates for the other currencies in Mozambique, including the Euro.

The metical also appreciated last week against the US dollar, which was being bought in Mozambique for 60.80 meticais, 36 metical cents less than the previous week.

Sales were being made at 61.98 meticais per US dollar, 38 metical cents less.

The daily average US dollar purchase price ranged between 60.60 and 60.93 meticais, while the sale price ranged between 61.78 and 62.12 meticais.

Average meticais reference exchange rates against the Euro

Euro …… buy …. sell

06 / Apr ….. 74.16 ….. 75.61

05 / Apr ….. 74.44 ….. 75.88

04 / Apr ….. 74.69 ….. 76.16

03 / Apr ….. 74.97 ….. 76.41

02 / Apr ….. 75.12 …. 76.59

average ….. 74.68 ….. 76.13

Average meticais reference exchange rates against the US dollar

USD …… buy ….. sell