Historic Macanese pataca Iraqi dinar

Macanese pataca iraqi dinar history for December 2023. The highest quote for this month is 166.59 (12/12/2023) and the lowest 163.37 (20/12/2023). The difference between high and low is 1.93.

MOP IQD average rate for December 2023 is 164.35643, the change between 01/12/2023 and 31/12/2023 is -1.42 %.

01 December 20231 MOP = 163.0 IQD
02 December 20231 MOP = 162.5 IQD
03 December 20231 MOP = 162.5 IQD
04 December 20231 MOP = 163.1 IQD
05 December 20231 MOP = 166.2 IQD
06 December 20231 MOP = 166.3 IQD
07 December 20231 MOP = 163.2 IQD
08 December 20231 MOP = 166.2 IQD
10 December 20231 MOP = 162.8 IQD
11 December 20231 MOP = 163.0 IQD
12 December 20231 MOP = 166.5 IQD
13 December 20231 MOP = 163.2 IQD
14 December 20231 MOP = 166.3 IQD
15 December 20231 MOP = 166.5 IQD
16 December 20231 MOP = 162.8 IQD
17 December 20231 MOP = 162.8 IQD
18 December 20231 MOP = 163.3 IQD
19 December 20231 MOP = 163.2 IQD
20 December 20231 MOP = 166.8 IQD
21 December 20231 MOP = 166.5 IQD
22 December 20231 MOP = 166.4 IQD
23 December 20231 MOP = 162.7 IQD
24 December 20231 MOP = 162.7 IQD
25 December 20231 MOP = 163.1 IQD
26 December 20231 MOP = 163.1 IQD
27 December 20231 MOP = 166.0 IQD
28 December 20231 MOP = 166.4 IQD
29 December 20231 MOP = 165.3 IQD

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.

15/10/2018: Government Formation

The formation of a new Iraqi government after parliamentary elections brought hopes of stability and potential economic growth, positively impacting the Iraqi dinar.

10/06/2014: ISIS captures Mosul

The capture of Mosul by ISIS led to a further devaluation of the Iraqi dinar and economic instability in the region.

15/10/2004: Introduction of New Iraqi Dinar

A new series of banknotes with enhanced security features was introduced to replace the previous Iraqi dinar notes.

20/03/2003: US-led Invasion of Iraq

The US-led invasion led to the collapse of the Iraqi government, causing instability and a sharp decline in the value of the Iraqi dinar.

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.

02/08/1990: Iraq invades Kuwait

Iraq's invasion of Kuwait resulted in international economic sanctions and further devaluation of the Iraqi dinar.

22/09/1980: Iran-Iraq War Begins

The Iran-Iraq war started, leading to significant economic challenges and inflation which impacted the Iraqi dinar.

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.

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.

03/10/1932: Independence of Iraq

The Iraqi dinar was introduced as the official currency of Iraq following its independence from British occupation.

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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