What is the South African Rand worth against the Mozambican Metical today?

1 ZAR is worth 3.361 MZN today

How much is 1,000 ZAR worth in MZN?

At the current exchange rate of 3.361 , a sum of 1,000 South African Rand is worth 3,361 Mozambican Metical.

Which currency is stronger? ZAR or MZN?

The South African Rand is currently stronger than the Mozambican Metical given that 1 ZAR is equal to 3.361 MZN. Conversely, 1 MZN is worth 0.298 ZAR.

Overview of ZAR to MZN Performance and Trends

Today, to buy 1,000 South African Rand, you need 3,361 Mozambican Metical. On the same date last year, you needed 3,518 Mozambican Metical for 1,000 South African Rand. This change indicates that the South African Rand has lost value against the Mozambican Metical by 4.46% over the past year.

The pair experienced high volatility of 13.08%.

High volatility means there is a higher risk of significant price changes. It is better to closely monitor the exchange rate in such situations.

ZAR to MZN Currency Performance and Volatility

Last 7 Days

• Performance: R1,000 varied between Mt3.345 (weekly low) and Mt3.432 (weekly high), a variance of Mt0.087 .
• Volatility: Fluctuated by 2.6%.

Last 30 Days

• Performance: R1,000 varied between Mt3.345 (30-day low) to Mt3.478 (30-day high), a variance of Mt0.133 .
• Volatility: Fluctuated by 3.98%.

Last 90 Days

• Performance: R1,000 varied between Mt3.303 (90-day low) to Mt3.478 (90-day high), a variance of Mt0.175 .
• Volatility: Fluctuated by 5.3%.

Last Year

• Performance: R1,000 ranged from Mt3.227 (yearly low) to Mt3.649 (yearly high), a variance of Mt0.422 .
• Volatility: Fluctuated by 13.08%.

ZAR to MZN Forecast and trending

Is the South African Rand going up or down against the Mozambican Metical?

Today's ZAR to MZN exchange rate (3.361) is higher compared to yesterday's rate (3.353).

Understanding ZAR to MZN Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert South African Rand to Mozambican Metical, to send a payment, for a trip overseas, when shopping online or to hold a balance in Mozambican Metical.

How to convert ZAR to MZN?

You can convert South African Rand to Mozambican Metical either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Mozambican Metical in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

• Choose an exchange service that suits your needs
• Head there with the money in South African Rand cash to exchange
• Get a quote for the exchange rate and any commission or fee you need to pay
• Hand over your money and receive your Mozambican Metical in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

• Choose an international payment service that suits your needs and head to their desktop site, or download their app
• Tap Send Payment
• Enter the amount in South African Rand you want to send, or the amount in Mozambican Metical you want your recipient to get in the end
• You'll be shown a quote for the exchange rate and any commission or fee you need to pay
• Choose your preferred payment method, and follow the prompts to pay
• Your money will be deposited to your recipient's bank account directly, in Mozambican Metical

How to get the best ZAR to MZN exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best ZAR to MZN exchange rate for your specific transaction.

Get to know the ZAR/MZN mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the ZAR/MZN mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including South African Rand and Mozambican Metical. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy South African Rand with Mozambican Metical?

You'll be able to exchange Mozambican Metical to South African Rand in the same way as you'd exchange South African Rand to Mozambican Metical. If you have Mozambican Metical in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Mozambican Metical. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold South African Rand in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange ZAR to MZN?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.