Historic Macanese pataca Hong Kong dollar

Macanese pataca hong kong dollar history for December 2023. The highest quote for this month is 0.9945 (27/12/2023) and the lowest 1.0029 (14/12/2023). The difference between high and low is -0.84.

MOP HKD average rate for December 2023 is 0.9855, the change between 01/12/2023 and 31/12/2023 is +2.26 %.

01 December 20231 MOP = 0.9934 HKD
02 December 20231 MOP = 0.9709 HKD
03 December 20231 MOP = 0.9708 HKD
04 December 20231 MOP = 0.9929 HKD
05 December 20231 MOP = 0.9930 HKD
06 December 20231 MOP = 0.9939 HKD
07 December 20231 MOP = 0.9935 HKD
08 December 20231 MOP = 0.9928 HKD
09 December 20231 MOP = 0.9709 HKD
10 December 20231 MOP = 0.9709 HKD
11 December 20231 MOP = 0.9917 HKD
12 December 20231 MOP = 0.9929 HKD
13 December 20231 MOP = 0.9937 HKD
14 December 20231 MOP = 0.9933 HKD
15 December 20231 MOP = 0.9936 HKD
16 December 20231 MOP = 0.9709 HKD
17 December 20231 MOP = 0.9709 HKD
18 December 20231 MOP = 0.9877 HKD
19 December 20231 MOP = 0.9930 HKD
20 December 20231 MOP = 0.9943 HKD
21 December 20231 MOP = 0.9936 HKD
22 December 20231 MOP = 0.9934 HKD
23 December 20231 MOP = 0.9709 HKD
24 December 20231 MOP = 0.9709 HKD
25 December 20231 MOP = 0.9917 HKD
26 December 20231 MOP = 0.9917 HKD
27 December 20231 MOP = 0.9906 HKD
28 December 20231 MOP = 0.9935 HKD
29 December 20231 MOP = 0.9874 HKD
30 December 20231 MOP = 0.9709 HKD
31 December 20231 MOP = 0.9709 HKD

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.

18/05/2005: Removal of Ten Hong Kong Dollars Note

The Hong Kong Monetary Authority announced the removal of the HKD 10 paper note from circulation, encouraging the usage of electronic payment methods and reducing printing costs.

01/07/1997: Hong Kong's Handover to China

Hong Kong was officially handed over to China, marking the end of British colonial rule but maintaining the Hong Kong Dollar as its currency under the 'one country, two systems' principle.

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.

17/10/1991: Linked Exchange Rate System

The Linked Exchange Rate System (LERS) was implemented, establishing a narrow trading range of HKD 7.75 to 7.85 against the U.S. Dollar, backed by stringent measures to maintain stability.

31/12/1983: Joint Declaration on the Future of Hong Kong

The Sino-British Joint Declaration was signed, affirming Hong Kong's return to China in 1997 and ensuring the continuity of the Hong Kong Dollar as its official currency.

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.

22/05/1972: Pegging to the U.S. Dollar

As the British Pound faced pressures in the foreign exchange market, Hong Kong decided to switch the peg to the U.S. Dollar at a rate of HKD 5.65 to USD 1.

08/06/1967: Link with Portuguese escudo reestablished

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

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.

12/09/1935: Pegging to the Sterling

The Hong Kong Dollar was pegged to the British Pound (Sterling) at a fixed exchange rate of HKD 16 to GBP 1, which helped stabilize the currency.

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.

01/01/1863: Introduction of the Hong Kong Dollar

The Hong Kong Dollar was first introduced as an official currency by the British colonial government to facilitate trade and commerce in Hong Kong.
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