Cuban peso macanese pataca exchange rate history (CUP MOP) October 2023

Cuban peso macanese pataca history for October 2023. The highest quote for this month is 0.33608 (07/10/2023) and the lowest 0.33608 (07/10/2023). The difference between high and low is 0.

CUP MOP average rate for October 2023 is 0.33016, the change between 01/10/2023 and 31/10/2023 is +2.34 %.

01 October 2023	1 CUP = 0.3361 MOP
02 October 2023	1 CUP = 0.3286 MOP
03 October 2023	1 CUP = 0.3287 MOP
04 October 2023	1 CUP = 0.3285 MOP
05 October 2023	1 CUP = 0.3286 MOP
06 October 2023	1 CUP = 0.3285 MOP
07 October 2023	1 CUP = 0.3361 MOP
08 October 2023	1 CUP = 0.3361 MOP
09 October 2023	1 CUP = 0.3286 MOP
10 October 2023	1 CUP = 0.3286 MOP
11 October 2023	1 CUP = 0.3282 MOP
12 October 2023	1 CUP = 0.3281 MOP
13 October 2023	1 CUP = 0.3283 MOP
16 October 2023	1 CUP = 0.3283 MOP
17 October 2023	1 CUP = 0.3280 MOP
18 October 2023	1 CUP = 0.3283 MOP
19 October 2023	1 CUP = 0.3284 MOP
20 October 2023	1 CUP = 0.3284 MOP
21 October 2023	1 CUP = 0.3358 MOP
22 October 2023	1 CUP = 0.3358 MOP
23 October 2023	1 CUP = 0.3283 MOP
24 October 2023	1 CUP = 0.3284 MOP
25 October 2023	1 CUP = 0.3283 MOP
26 October 2023	1 CUP = 0.3283 MOP
27 October 2023	1 CUP = 0.3282 MOP
28 October 2023	1 CUP = 0.3357 MOP
29 October 2023	1 CUP = 0.3357 MOP
30 October 2023	1 CUP = 0.3282 MOP
31 October 2023	1 CUP = 0.3282 MOP

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

20/12/2019: Macao–Hong Kong Financial Cooperation Agreement signed

The Macau and Hong Kong authorities signed a financial cooperation agreement to strengthen monetary and financial stability, impacting the value and role of the Macanese pataca.

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

08/05/1995: Currency board system implemented

Macau adopted a currency board system, establishing a fixed exchange rate between the Macanese pataca and the Hong Kong dollar.

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

20/10/1977: Internationalization of the pataca

Macau allowed the international use and exchange of the Macanese pataca, strengthening its role as a stable and convertible currency.

08/06/1967: Link with Portuguese escudo reestablished

The Macanese pataca was once again pegged to the Portuguese escudo, ending the gold standard era.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.

18/06/1948: Gold standard introduced

The Macanese pataca switched to the gold standard, with its value pegged to gold coins. The gold standard lasted until 1967.

17/03/1906: Silver standard established

Macau adopted the silver standard for the pataca, linking its value to silver coins in circulation. This standard remained in place until 1948.

27/10/1901: Introduction of Macanese pataca

The Macanese pataca was first introduced as the official currency of Macau, replacing the Portuguese real. It was initially pegged to the Portuguese escudo.

Historic Cuban peso Macanese pataca