Historic Macanese pataca Moroccan dirham

Macanese pataca moroccan dirham history for January 2024. The highest quote for this month is 1.2738 (30/01/2024) and the lowest 1.2364 (28/01/2024). The difference between high and low is 2.94.

MOP MAD average rate for January 2024 is 1.2472, the change between 01/01/2024 and 31/01/2024 is -4.31 %.

01 January 20241 MOP = 1.219 MAD
02 January 20241 MOP = 1.219 MAD
03 January 20241 MOP = 1.262 MAD
04 January 20241 MOP = 1.264 MAD
05 January 20241 MOP = 1.259 MAD
06 January 20241 MOP = 1.236 MAD
07 January 20241 MOP = 1.233 MAD
08 January 20241 MOP = 1.226 MAD
09 January 20241 MOP = 1.264 MAD
10 January 20241 MOP = 1.226 MAD
11 January 20241 MOP = 1.263 MAD
12 January 20241 MOP = 1.264 MAD
14 January 20241 MOP = 1.235 MAD
15 January 20241 MOP = 1.226 MAD
16 January 20241 MOP = 1.225 MAD
17 January 20241 MOP = 1.227 MAD
18 January 20241 MOP = 1.268 MAD
19 January 20241 MOP = 1.269 MAD
22 January 20241 MOP = 1.224 MAD
23 January 20241 MOP = 1.264 MAD
24 January 20241 MOP = 1.269 MAD
25 January 20241 MOP = 1.265 MAD
26 January 20241 MOP = 1.268 MAD
27 January 20241 MOP = 1.236 MAD
28 January 20241 MOP = 1.239 MAD
29 January 20241 MOP = 1.226 MAD
30 January 20241 MOP = 1.275 MAD
31 January 20241 MOP = 1.272 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.
MOP MAD July 2023
MOP MAD August 2023
MOP MAD September 2023
MOP MAD October 2023
MOP MAD November 2023
MOP MAD December 2023
MOP MAD January 2024
MOP MAD February 2024
MOP MAD March 2024
MOP MAD April 2024
MOP MAD May 2024
MOP MAD June 2024
MOP MAD July 2024