Macanese pataca burmese kyat exchange rate history (MOP MMK) November 2023

Macanese pataca burmese kyat history for November 2023. The highest quote for this month is 265.24 (27/11/2023) and the lowest 265.2 (28/11/2023). The difference between high and low is 0.02.

MOP MMK average rate for November 2023 is 264.075, the change between 01/11/2023 and 30/11/2023 is -0.23 %.

01 November 2023	1 MOP = 264.2 MMK
02 November 2023	1 MOP = 264.3 MMK
03 November 2023	1 MOP = 264.2 MMK
06 November 2023	1 MOP = 264.1 MMK
07 November 2023	1 MOP = 264.2 MMK
08 November 2023	1 MOP = 264.3 MMK
09 November 2023	1 MOP = 264.4 MMK
10 November 2023	1 MOP = 264.7 MMK
12 November 2023	1 MOP = 260.3 MMK
13 November 2023	1 MOP = 264.7 MMK
14 November 2023	1 MOP = 264.7 MMK
15 November 2023	1 MOP = 264.6 MMK
16 November 2023	1 MOP = 264.7 MMK
17 November 2023	1 MOP = 264.9 MMK
18 November 2023	1 MOP = 260.8 MMK
19 November 2023	1 MOP = 260.8 MMK
20 November 2023	1 MOP = 265.0 MMK
21 November 2023	1 MOP = 265.1 MMK
22 November 2023	1 MOP = 265.1 MMK
23 November 2023	1 MOP = 265.1 MMK
24 November 2023	1 MOP = 265.0 MMK
26 November 2023	1 MOP = 260.9 MMK
27 November 2023	1 MOP = 265.1 MMK
28 November 2023	1 MOP = 265.2 MMK
29 November 2023	1 MOP = 265.0 MMK
30 November 2023	1 MOP = 264.8 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.

Historic Macanese pataca Burmese kyat