Historic Macanese pataca Cambodian Riel

Macanese pataca cambodian riel history for November 2023. The highest quote for this month is 523.63 (08/11/2023) and the lowest 513.26 (20/11/2023). The difference between high and low is 1.98.

MOP KHR average rate for November 2023 is 518.50231, the change between 01/11/2023 and 30/11/2023 is +0.26 %.

01 November 20231 MOP = 524.2 KHR
02 November 20231 MOP = 524.2 KHR
03 November 20231 MOP = 512.7 KHR
06 November 20231 MOP = 512.2 KHR
07 November 20231 MOP = 523.0 KHR
08 November 20231 MOP = 524.1 KHR
09 November 20231 MOP = 522.4 KHR
10 November 20231 MOP = 522.6 KHR
12 November 20231 MOP = 510.7 KHR
13 November 20231 MOP = 512.9 KHR
14 November 20231 MOP = 522.1 KHR
15 November 20231 MOP = 522.4 KHR
16 November 20231 MOP = 522.6 KHR
17 November 20231 MOP = 522.5 KHR
18 November 20231 MOP = 511.9 KHR
19 November 20231 MOP = 511.9 KHR
20 November 20231 MOP = 513.2 KHR
21 November 20231 MOP = 523.1 KHR
22 November 20231 MOP = 523.3 KHR
23 November 20231 MOP = 512.6 KHR
24 November 20231 MOP = 512.5 KHR
26 November 20231 MOP = 511.5 KHR
27 November 20231 MOP = 512.8 KHR
28 November 20231 MOP = 523.6 KHR
29 November 20231 MOP = 523.4 KHR
30 November 20231 MOP = 522.9 KHR

22/04/2020: COVID-19 Impact

The COVID-19 pandemic caused disruptions in the Cambodian economy, leading to a decline in the value of the Riel.

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.

04/01/2001: Riel Redenomination

The Cambodian government redenominated the Riel by removing four zeros, making it easier for transactions.

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.

20/03/1995: Dollarization

Cambodia officially adopted a dual currency system, allowing the use of both Riel and the United States Dollar.

20/03/1994: Currency Stabilization

Cambodia implemented a new currency stabilization plan to control hyperinflation and stabilize the Riel.

07/01/1979: Liberation of Cambodia

Vietnamese forces liberated Cambodia from the Khmer Rouge, leading to the reestablishment of the Riel.

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.

17/04/1975: Khmer Rouge Regime

The Khmer Rouge regime took control of Cambodia, resulting in the abolition of currency and economic collapse.

08/06/1967: Link with Portuguese escudo reestablished

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

11/07/1951: Introduction of the Riel

The Riel was established as the official currency of Cambodia, replacing the French Indochinese Piastre.

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.
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