Historic Macanese pataca South Korean Won

Macanese pataca south korean won history for February 2024. The highest quote for this month is 170.31 (13/02/2024) and the lowest 169.47 (21/02/2024). The difference between high and low is 0.49.

MOP KRW average rate for February 2024 is 168.18143, the change between 01/02/2024 and 29/02/2024 is +0.11 %.

01 February 20241 MOP = 169.8 KRW
02 February 20241 MOP = 168.9 KRW
03 February 20241 MOP = 166.1 KRW
04 February 20241 MOP = 166.1 KRW
05 February 20241 MOP = 168.4 KRW
06 February 20241 MOP = 169.2 KRW
07 February 20241 MOP = 168.4 KRW
08 February 20241 MOP = 168.7 KRW
09 February 20241 MOP = 169.1 KRW
10 February 20241 MOP = 164.9 KRW
12 February 20241 MOP = 169.2 KRW
13 February 20241 MOP = 168.8 KRW
14 February 20241 MOP = 170.4 KRW
15 February 20241 MOP = 168.6 KRW
16 February 20241 MOP = 168.8 KRW
17 February 20241 MOP = 165.2 KRW
18 February 20241 MOP = 165.2 KRW
19 February 20241 MOP = 169.2 KRW
20 February 20241 MOP = 169.4 KRW
21 February 20241 MOP = 169.5 KRW
22 February 20241 MOP = 169.3 KRW
23 February 20241 MOP = 168.6 KRW
24 February 20241 MOP = 165.0 KRW
25 February 20241 MOP = 165.0 KRW
26 February 20241 MOP = 169.1 KRW
27 February 20241 MOP = 169.2 KRW
28 February 20241 MOP = 169.2 KRW
29 February 20241 MOP = 169.7 KRW

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.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

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.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

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.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

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.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.

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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