Macanese pataca kuwaiti dinar exchange rate history (MOP KWD) December 2023

Macanese pataca kuwaiti dinar history for December 2023. The highest quote for this month is 0.039239 (12/12/2023) and the lowest 0.039451 (14/12/2023). The difference between high and low is -0.54.

MOP KWD average rate for December 2023 is 0.03887, the change between 01/12/2023 and 31/12/2023 is +2.57 %.

01 December 2023	1 MOP = 0.0392 KWD
02 December 2023	1 MOP = 0.0384 KWD
04 December 2023	1 MOP = 0.0392 KWD
05 December 2023	1 MOP = 0.0392 KWD
06 December 2023	1 MOP = 0.0392 KWD
07 December 2023	1 MOP = 0.0392 KWD
08 December 2023	1 MOP = 0.0391 KWD
10 December 2023	1 MOP = 0.0383 KWD
11 December 2023	1 MOP = 0.0391 KWD
12 December 2023	1 MOP = 0.0392 KWD
13 December 2023	1 MOP = 0.0392 KWD
14 December 2023	1 MOP = 0.0391 KWD
15 December 2023	1 MOP = 0.0391 KWD
16 December 2023	1 MOP = 0.0383 KWD
17 December 2023	1 MOP = 0.0383 KWD
18 December 2023	1 MOP = 0.0389 KWD
19 December 2023	1 MOP = 0.0391 KWD
20 December 2023	1 MOP = 0.0391 KWD
21 December 2023	1 MOP = 0.0391 KWD
22 December 2023	1 MOP = 0.0390 KWD
23 December 2023	1 MOP = 0.0382 KWD
24 December 2023	1 MOP = 0.0382 KWD
25 December 2023	1 MOP = 0.0389 KWD
26 December 2023	1 MOP = 0.0389 KWD
27 December 2023	1 MOP = 0.0390 KWD
28 December 2023	1 MOP = 0.0390 KWD
29 December 2023	1 MOP = 0.0388 KWD
31 December 2023	1 MOP = 0.0382 KWD

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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti 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.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti 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.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

08/06/1967: Link with Portuguese escudo reestablished

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

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

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 Macanese pataca Kuwaiti Dinar