1 UGX to MZN - Convert Ugandan Shilling to Mozambican Metical

Looking at the 30-day window, the UGX/MZN pair traded in a range of 0.016500 to 0.017700. The monthly average was 0.017056 with 1.69% volatility. The relatively low volatility indicates stable trading conditions for the UGX/MZN currency pair.

The current mid-market exchange rate is 1 UGX = 0.017417 MZN, updated as of July 3, 2026, 6:31 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Ugandan Shilling to Mozambican Metical Exchange Rate

The UGX/MZN exchange rate tells you how many Mozambican Metical (MZN) you receive for every Ugandan Shilling (UGX). At the current mid-market rate of 1 UGX = 0.017417 MZN, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

What Affects the UGX to MZN Rate

Exchange rates between Ugandan Shilling and Mozambican Metical are influenced by central bank interest rate decisions, inflation differentials, trade balances, and broader economic data releases from both countries. Political stability, commodity prices, and global risk sentiment can also cause significant moves. Monitoring these factors helps explain why the UGX/MZN rate fluctuates throughout trading sessions and over longer time periods.

How to Get the Best UGX to MZN Rate

To minimize conversion costs, compare the rate offered by your bank or transfer service against the mid-market rate shown on this page. Online money transfer services and fintech apps often provide rates 2-3% better than traditional banks. For larger amounts, the savings from finding a competitive rate can be substantial. Always check the total cost including both the exchange rate markup and any fixed fees charged by the provider.

Ugandan Shilling Overview

The Ugandan Shilling (UGX) is the official currency of Uganda. Coffee exports and remittances from the diaspora are important foreign exchange sources. Understanding the fundamentals behind UGX helps contextualize its exchange rate movements against MZN and other currencies.

Mozambican Metical Overview

The Mozambican Metical (MZN) is the official currency of Mozambique. Natural gas discoveries and aluminum exports are reshaping the country's economic outlook. The MZN exchange rate against UGX reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 UGX = 0.017417 MZN shown on this page is the fairest available exchange rate. It sits exactly between the buy and sell prices quoted by major financial institutions. No single provider can offer exactly the mid-market rate since their business model requires a small spread, but the best providers come within 0.5-1% of this benchmark. Use our rate as your comparison baseline.