EUR/MZN
ExoticEuroMozambican Metical
73.70800
-870.0 pips-0.12%
Bid
73.70800Ask
73.70800spread
0.0 pips24h Δ-0.12%
Price chart
Daily volatility
0.16%
0.00%2.00%
Low volatility0.16%
52-week range
73.71
71.4276.60
71.4160073.7080076.60200
30-day return
-1.35%
ConsolidatingKey correlation
Coming soon
24h volume
Global OTC (decentralized market)
About EUR/MZN
The EUR/MZN pair represents the exchange rate between Euro and Mozambican Metical. This shows how many Mozambican Meticals are needed to buy one Euro.
Currency converter
You send
You receive
1 EUR = 73.70800 MZN
Mid-market rate
Key statistics
24h volume
Global OTCAvg. spread
0.5-1.5 pipsPip value
$10 por lote estándarMargin req.
3.33%52-week range
High
76.602000
Low
71.416000
52-week range
73.70800071.41600076.602000
Low
71.416000
High
76.602000
Currency converter
You send
You receive
1 EUR = 73.70800 MZN
Mid-market rate
Key statistics
24h volume
Global OTCAvg. spread
0.5-1.5 pipsPip value
$10 por lote estándarMargin req.
3.33%52-week range
High
76.602000
Low
71.416000
52-week range
73.70800071.41600076.602000
Low
71.416000
High
76.602000
Frequently Asked Questions
The current EUR/MZN exchange rate is 73.7080, meaning 1 EUR equals 73.7080 MZN. The rate has decreased by -0.12% in the past 24 hours.
EUR/MZN has dropped by -0.56% over the last week. The monthly change is a -1.35% drop.
The current spread for EUR/MZN is 0.0000, with a bid price of 73.7080 and an ask price of 73.7080. The spread represents the transaction cost for trading this currency pair.
EUR/MZN highest rate in the last year was 76.6020, and its lowest rate was 71.4160.
The EUR/MZN exchange rate is influenced by several macroeconomic factors including interest rate differentials between the central banks of Euro and Mozambican Metical, inflation rates, GDP growth, trade balances, and geopolitical events. Monetary policy decisions by each country's central bank are typically the most significant driver of currency movements.
Investors in Latin America can access the forex market through international brokerage platforms and regulated forex brokers. Many platforms accept local payment methods and only require a valid government ID or passport to get started. Make sure to choose a regulated broker with transparent fee structures.
EUR/MZN can be traded during 24/5 (Sun 22:00 - Fri 22:00 GMT). The forex market operates nearly 24 hours a day during the business week, with the highest liquidity typically during the London and New York session overlap.
Many investors in Latin America hold hard currencies like EUR (Euro) as a hedge against local currency devaluation. If your local currency loses value relative to EUR, your holdings in EUR preserve their purchasing power. This is one reason why forex diversification is a common strategy for investors in regions with higher inflation.