Macanese pataca moroccan dirham exchange rate history (MOP MAD) December 2023

Macanese pataca moroccan dirham history for December 2023. The highest quote for this month is 1.2969 (14/12/2023) and the lowest 1.2634 (26/12/2023). The difference between high and low is 2.58.

MOP MAD average rate for December 2023 is 1.25658, the change between 01/12/2023 and 31/12/2023 is +1.29 %.

01 December 2023	1 MOP = 1.242 MAD
02 December 2023	1 MOP = 1.253 MAD
03 December 2023	1 MOP = 1.253 MAD
04 December 2023	1 MOP = 1.241 MAD
05 December 2023	1 MOP = 1.280 MAD
06 December 2023	1 MOP = 1.283 MAD
07 December 2023	1 MOP = 1.284 MAD
08 December 2023	1 MOP = 1.285 MAD
10 December 2023	1 MOP = 1.263 MAD
11 December 2023	1 MOP = 1.248 MAD
12 December 2023	1 MOP = 1.254 MAD
13 December 2023	1 MOP = 1.252 MAD
14 December 2023	1 MOP = 1.296 MAD
15 December 2023	1 MOP = 1.283 MAD
16 December 2023	1 MOP = 1.259 MAD
17 December 2023	1 MOP = 1.259 MAD
18 December 2023	1 MOP = 1.245 MAD
19 December 2023	1 MOP = 1.248 MAD
20 December 2023	1 MOP = 1.288 MAD
21 December 2023	1 MOP = 1.278 MAD
22 December 2023	1 MOP = 1.267 MAD
23 December 2023	1 MOP = 1.232 MAD
24 December 2023	1 MOP = 1.233 MAD
25 December 2023	1 MOP = 1.218 MAD
26 December 2023	1 MOP = 1.219 MAD
27 December 2023	1 MOP = 1.258 MAD
28 December 2023	1 MOP = 1.246 MAD
29 December 2023	1 MOP = 1.250 MAD
31 December 2023	1 MOP = 1.226 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

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.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official 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.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

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 Moroccan dirham