Historic Macanese pataca Burmese kyat

Macanese pataca burmese kyat history for January 2024. The highest quote for this month is 264.66 (08/01/2024) and the lowest 264.66 (09/01/2024). The difference between high and low is 0.

MOP MMK average rate for January 2024 is 263.71704, the change between 01/01/2024 and 31/01/2024 is +0.03 %.

01 January 20241 MOP = 264.5 MMK
02 January 20241 MOP = 264.5 MMK
03 January 20241 MOP = 264.4 MMK
04 January 20241 MOP = 264.6 MMK
05 January 20241 MOP = 264.6 MMK
06 January 20241 MOP = 260.2 MMK
07 January 20241 MOP = 260.2 MMK
08 January 20241 MOP = 264.5 MMK
09 January 20241 MOP = 264.7 MMK
10 January 20241 MOP = 264.4 MMK
11 January 20241 MOP = 264.2 MMK
12 January 20241 MOP = 264.3 MMK
14 January 20241 MOP = 259.9 MMK
15 January 20241 MOP = 264.1 MMK
16 January 20241 MOP = 264.2 MMK
17 January 20241 MOP = 264.1 MMK
18 January 20241 MOP = 264.1 MMK
19 January 20241 MOP = 264.2 MMK
22 January 20241 MOP = 264.2 MMK
23 January 20241 MOP = 264.3 MMK
24 January 20241 MOP = 264.2 MMK
25 January 20241 MOP = 264.2 MMK
26 January 20241 MOP = 264.4 MMK
28 January 20241 MOP = 260.2 MMK
29 January 20241 MOP = 264.4 MMK
30 January 20241 MOP = 264.5 MMK
31 January 20241 MOP = 264.4 MMK

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

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.

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate based on market forces.

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.

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

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.

08/06/1967: Link with Portuguese escudo reestablished

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

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 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.
MOP MMK July 2023
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