Exchange Rate in Mozambique
Mozambique - Exchange Rate
The economy lost further momentum in the second quarter, with growth easing to a near two-year low of 2.3% year-on-year as the impact of cyclones Idai and Kenneth began to take their toll (Q1: +2.5% yoy). Notably, agricultural output—which accounts for over a quarter of GDP—flatlined as the cyclones destroyed thousands of hectares of crops, largely driving the overall slowdown. In addition, a marked contraction in the all-important mining industry and a moderation of activity in the commerce sector further weighed on the headline figure. In other news, on 9 September, nearly all investors of the country’s USD 727 million Eurobonds agreed to the restructuring proposal laid out by authorities, a move that should provide the government with significant cash flow relief. The settlement of the bond restructuring is expected for later this month.Mozambique - Exchange Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 30.01 | 34.01 | 46.97 | 71.38 | 58.53 |
Mozambique Exchange Rate Chart
Source: Thomson Reuters
Mozambique Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 61.70 | 0.48 % | Sep 04 |
| Stock Market | 0.1 | 0.0 % | Sep 04 |
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