Historic Macanese pataca Moroccan dirham

Macanese pataca moroccan dirham history for November 2023. The highest quote for this month is 1.3076 (03/11/2023) and the lowest 1.2679 (01/11/2023). The difference between high and low is 3.04.

MOP MAD average rate for November 2023 is 1.27939, the change between 01/11/2023 and 30/11/2023 is +2.14 %.

01 November 20231 MOP = 1.307 MAD
02 November 20231 MOP = 1.310 MAD
03 November 20231 MOP = 1.264 MAD
06 November 20231 MOP = 1.266 MAD
07 November 20231 MOP = 1.296 MAD
08 November 20231 MOP = 1.301 MAD
09 November 20231 MOP = 1.295 MAD
10 November 20231 MOP = 1.302 MAD
12 November 20231 MOP = 1.269 MAD
13 November 20231 MOP = 1.263 MAD
14 November 20231 MOP = 1.300 MAD
15 November 20231 MOP = 1.290 MAD
16 November 20231 MOP = 1.291 MAD
17 November 20231 MOP = 1.292 MAD
18 November 20231 MOP = 1.265 MAD
19 November 20231 MOP = 1.265 MAD
20 November 20231 MOP = 1.252 MAD
21 November 20231 MOP = 1.292 MAD
22 November 20231 MOP = 1.292 MAD
23 November 20231 MOP = 1.252 MAD
24 November 20231 MOP = 1.250 MAD
26 November 20231 MOP = 1.257 MAD
27 November 20231 MOP = 1.250 MAD
28 November 20231 MOP = 1.286 MAD
29 November 20231 MOP = 1.280 MAD
30 November 20231 MOP = 1.279 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.