The Ministry of Economy and Finance (MEF) foresees the worsening of the average exchange rate for the year 2021. In Fiscal Risks Report 2022, published at the end of last August, MEF reveals that the Metical depreciated in 2020, reaching an average of 66.6 MT/USD, against an initial forecast of 60.0 MT/USD
Post
Fitch Solutions upgrades Mozambique's exchange rate to 71 meticals per dollar
The consulting firm Fitch Solutions upgraded on Tuesday the outlook for Mozambique's exchange rate, now forecasting that it will take 71 instead of 74 meticais for each dollar at the end of this year
Post
June 4, 2021June 4, 2021Markets
Metical back to balance after sudden March surge
After a surprising appreciation from 74 to 55 Meticais per dollar unit in March, the national currency depreciates again