Meticais Exchange in South Africa

Meticais is actually the basic monetary unit of Mozambique and banknotes are in denominations of 20, 50, 100, 200, 500 and 1000 Meticais. 1 Metical is the equivalent of R0.2772 Rand.

Where can I change Mozambique money?

Changing Money at Exchange Bureaus: The best places to change money is at Casas de câmbio (exchange bureaus).

What are the things I need to know to exchange meticais in South Africa?

• Foreign exchange can be ordered up to 60 days before your departure date.
• Avoid changing money at airports and side street kiosks, as the commission fees are usually a lot higher.
• South African residents over 18 years are allowed to legally take up to R1, 000,000 of foreign currency abroad per year in the form of travel allowance.
• If you do not exchange excess foreign currency within 30 days of returning from your trip, you may be liable to penalties from the Reserve Bank.
• Travellers embarking on a business trip within 90 days of the previous trip may retain their excess foreign currency for use on their upcoming trip.
• Foreign currency can only be transferred to your own bank account or that of your spouse. Minors travelling with their parent(s) can transfer their allowance into their parent’s bank account.
• You do not need to produce proof of transport if travelling to Namibia, Swaziland or Lesotho.

How much is a metical to a Rand in South Africa?

According to the current exchange rate, 1 Metical = R0.2772 Rand.

Where can I check exchange rates?

One of the best place you can get live rates, is to simply visit BookMyForex Currency Rate Card page and see forex rates of all the major currencies of the world live including the live rates of the US dollar.

Can I exchange foreign currency at capitec bank?

No, Capitec is not licensed to offer foreign currency exchange services. Because of SARB regulations, many foreign currency exchange services aren’t available at Capitec Bank, such as outward international payments and the buying and selling of foreign banknotes.

Where can I exchange foreign currency safely in South Africa?

The following are places you can get to exchange your foreign currencies with the best rates:

• Rand Merchant Bank.
• RMB Private Bank .
• South African Bank of Athens Limited
• Sasfin Bank Ltd.
• Standard Bank of S.A. Ltd.
• Wesbank
• Capitec Bank Ltd.
• FirstRand Bank Ltd.
• Grindrod Habib Overseas Bank Limited.
• HBZ Limited Absa Ltd.
• African Bank Ltd.
• Albaraka Limited.
• BoE Private Clients Bidvest Limited Investec Ltd.
• Mercantile Bank Limited.
• Nedbank Group Limited.