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

Macanese pataca moroccan dirham history for October 2023. The highest quote for this month is 1.3114 (23/10/2023) and the lowest 1.2814 (22/10/2023). The difference between high and low is 2.29.

MOP MAD average rate for October 2023 is 1.28819, the change between 01/10/2023 and 31/10/2023 is -2.56 %.

01 October 2023	1 MOP = 1.275 MAD
02 October 2023	1 MOP = 1.261 MAD
03 October 2023	1 MOP = 1.309 MAD
04 October 2023	1 MOP = 1.311 MAD
05 October 2023	1 MOP = 1.309 MAD
06 October 2023	1 MOP = 1.273 MAD
07 October 2023	1 MOP = 1.273 MAD
09 October 2023	1 MOP = 1.258 MAD
10 October 2023	1 MOP = 1.276 MAD
11 October 2023	1 MOP = 1.303 MAD
12 October 2023	1 MOP = 1.301 MAD
13 October 2023	1 MOP = 1.302 MAD
16 October 2023	1 MOP = 1.256 MAD
17 October 2023	1 MOP = 1.303 MAD
18 October 2023	1 MOP = 1.303 MAD
19 October 2023	1 MOP = 1.263 MAD
20 October 2023	1 MOP = 1.309 MAD
21 October 2023	1 MOP = 1.281 MAD
22 October 2023	1 MOP = 1.281 MAD
23 October 2023	1 MOP = 1.267 MAD
24 October 2023	1 MOP = 1.311 MAD
25 October 2023	1 MOP = 1.308 MAD
26 October 2023	1 MOP = 1.304 MAD
27 October 2023	1 MOP = 1.304 MAD
28 October 2023	1 MOP = 1.277 MAD
29 October 2023	1 MOP = 1.275 MAD
30 October 2023	1 MOP = 1.268 MAD
31 October 2023	1 MOP = 1.308 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