Exchange Rate in Mozambique
Mozambique - Exchange Rate
Leading data indicates that economic conditions remained weak in Q3, despite showing some signs of improvement, after GDP contracted heavily in Q2 due to the Covid-19 fallout. Economic sentiment climbed from July’s record low in August on the back of the industrial and services sectors. That said, sentiment remained far below its pre-pandemic levels seen earlier in the year. Moreover, although the private sector PMI edged higher in September, activity and demand continued to falter while confidence fell to a near four-year low, as pandemic-related restrictions continued to bite. In other news, the government tabled its draft 2021 budget to Parliament on 29 September, earmarking lower spending while projecting a fiscal deficit of 9.1% of GDP. Meanwhile, on 2 October, the IMF approved a six-month extension of debt service relief to several low-income countries, including Mozambique.Mozambique - Exchange Rate Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 46.97 | 71.38 | 58.53 | 61.58 | 62.43 |
Mozambique Exchange Rate Chart
Source: Thomson Reuters
Mozambique Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 62.43 | 0.48 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Jan 06 |
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