The Mozambican currency depreciated against the Euro and the US dollar last week, according to the central bank’s daily average exchange rates, followed by Lusa.
The Euro was being bought in Mozambique at 67.69 meticais, 1.87 meticais cents more than last week, while the sale was made at 69.04 meticais, 1.90 meticais more.
The European currency is recovering from its lowest price against the metical in the last 12 months
Last week, the average daily purchase price of the Euro ranged between 66.77 and 68.19 meticais, while sales ranged between 68.10 and 69.55 meticais.
As for the US dollar, the average weekly purchase was 58.71 meticais, 85 metical cents of the more than in the previous week, while the sale was made at 59.87 meticais, 86 cents of the metical more expensive.
The US dollar is the currency is used as the basis for calculating the reference exchange rates for the other currencies in Mozambique.
The purchase price of the dollar oscillated between 58.50 and 58.91 meticais, while its sale varied between 59.66 and 60.08 meticais.
Metical vs Euro average reference exchange rates
Euro …… buy ….. sale
24 Aug …. 68.19 ….. 69.55
23 Aug …..68.04 ….. 69.4
22 Aug …. 68.00 …. 68.00
21 Aug …. 67.45 ….. 68.79
20 Aug ….. 66.77 ….. 68.1
Average …… 67.69 ….. 69.04
Metical vs US dollar average reference exchange rates
USD ….. buy ….. sale
24 Aug ….. 58.91 ….. 60.08
23 Aug ….. 58.82 ….. 59.99
22 Aug ….. 58.71 ….. 59.88
21 Aug ….. 58.59 ….. 59.76
20 Aug ….. 58.5 …… 59.66
Average ….. 58.71 ….. 59.87
Source: Bank of Mozambique
Ref Source: Lusa – Club Of Mozambique
