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SCMPChina-EU trade, Xi touts ‘global influence’, Nato summit·Bank of JapanOutput Gap, Potential Growth Rate, and Labor Market Indicators·Economic TimesSensex jumps 262 points, Nifty closes above 24,270. 7 key factors behind today's D-Street gains·SCMPAustralia expects to gain extra US$26 billion from exports after Iran war raises prices·NYTLatest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure·NYTWhy the Jobs Market Has Wall Street and Washington on Edge·Bank of JapanJapanese Government Bonds Held by the Bank of Japan·BBCDiesel sees biggest monthly fall in 26 years. What's happening to fuel prices?·SCMPChina-EU trade, Xi touts ‘global influence’, Nato summit·Bank of JapanOutput Gap, Potential Growth Rate, and Labor Market Indicators·Economic TimesSensex jumps 262 points, Nifty closes above 24,270. 7 key factors behind today's D-Street gains·SCMPAustralia expects to gain extra US$26 billion from exports after Iran war raises prices·NYTLatest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure·NYTWhy the Jobs Market Has Wall Street and Washington on Edge·Bank of JapanJapanese Government Bonds Held by the Bank of Japan·BBCDiesel sees biggest monthly fall in 26 years. What's happening to fuel prices?·
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MZN

Mozambican Metical

MZN · Mozambique

45
Moderate
Risk
Historical Scores
424854Jul 2021Jul 2025Jul 2026
What does this mean for you?

The Mozambican Metical is in decent shape overall, scoring 45 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 5.9%/yr returns. Money in a basic account is slowly losing value. Calculator ↓

Inflation
4.4%
Debt / GDP
71.8%
GDP Growth
-0.5%
FX Volatility
2.4
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 MZN4.4% inflation
MZN 808−MZN 192 (19% purchasing power lost)
Your MZN 1,000 buys 19% less in 5 years
What if you invested MZN 1,000 instead? (5yr, in MZN terms)
USD-denominated assets gain an additional ~1.4%/yr from expected MZN depreciation vs USD
Hold USD Cash
MZN 921
−MZN 79
-1.6%/yr net in MZN
S&P 500
MZN 1713
+MZN 713
range: MZN 789–MZN 3352
10% USD return + 1.4% FX · ±16% vol
Gold
MZN 1565
+MZN 565
range: MZN 453–MZN 4220
8% USD return + 1.4% FX · ±24% vol
Bitcoin
MZN 3223
+MZN 2223
range: MZN 198–MZN 19.1k
25% USD return + 1.4% FX · ±54% vol

All values in MZN. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~1.4%/yr based on the inflation differential between Mozambique (4.4%) 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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