News
BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·NYTG7 Finance Ministers Look to Contain Iran Economic Fallout·BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·NYTG7 Finance Ministers Look to Contain Iran Economic Fallout·
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MZN

Mozambican Metical

MZN · Mozambique

43
Moderate
Risk
Historical Scores
404754Jul 2021Jul 2023May 2026
What does this mean for you?

The Mozambican Metical is in decent shape overall, scoring 43 out of 100. There are some areas to watch, but no immediate danger. Your money is holding its value reasonably well compared to most currencies.

You need at least 5.6%/yr returns. Money in a basic account is slowly losing value. Calculator ↓

Inflation
4.1%
Debt / GDP
71.8%
GDP Growth
2.1%
FX Volatility
0.1
Governance
Not available
Reserves
3.4 mo
Analysis
What's working well
Limited positive signals
What to watch out for
Restrictions on moving your money out of the country
The country is spending much more abroad than it earns — relies on foreign money flowing in
Full Mozambique analysis →

Savings Impact Calculator

MZN
Holding cash in MZN4.1% inflation
MZN 819−MZN 181 (18% purchasing power lost)
Your MZN 1,000 buys 18% less in 5 years
What if you invested MZN 1,000 instead? (5yr, in MZN terms)
USD-denominated assets gain an additional ~1.1%/yr from expected MZN depreciation vs USD
Hold USD Cash
MZN 908
−MZN 92
-1.9%/yr net in MZN
S&P 500
MZN 1691
+MZN 691
range: MZN 777–MZN 3314
10% USD return + 1.1% FX · ±16% vol
Gold
MZN 1544
+MZN 544
range: MZN 446–MZN 4174
8% USD return + 1.1% FX · ±24% vol
Bitcoin
MZN 3186
+MZN 2186
range: MZN 195–MZN 18.9k
25% USD return + 1.1% FX · ±54% vol

All values in MZN. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~1.1%/yr based on the inflation differential between Mozambique (4.1%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how MZN ranks differently.
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