Historic Macanese pataca New Zealand Dollar

Macanese pataca new zealand dollar history for February 2024. The highest quote for this month is 0.20989 (06/02/2024) and the lowest 0.20895 (06/02/2024). The difference between high and low is 0.45.

MOP NZD average rate for February 2024 is 0.20595, the change between 01/02/2024 and 29/02/2024 is -0.17 %.

01 February 20241 MOP = 0.2083 NZD
02 February 20241 MOP = 0.2068 NZD
03 February 20241 MOP = 0.2047 NZD
04 February 20241 MOP = 0.2045 NZD
05 February 20241 MOP = 0.2076 NZD
06 February 20241 MOP = 0.2097 NZD
07 February 20241 MOP = 0.2081 NZD
08 February 20241 MOP = 0.2080 NZD
09 February 20241 MOP = 0.2079 NZD
10 February 20241 MOP = 0.2019 NZD
11 February 20241 MOP = 0.2021 NZD
12 February 20241 MOP = 0.2069 NZD
13 February 20241 MOP = 0.2074 NZD
14 February 20241 MOP = 0.2098 NZD
15 February 20241 MOP = 0.2087 NZD
16 February 20241 MOP = 0.2081 NZD
17 February 20241 MOP = 0.2026 NZD
18 February 20241 MOP = 0.2026 NZD
19 February 20241 MOP = 0.2070 NZD
20 February 20241 MOP = 0.2069 NZD
21 February 20241 MOP = 0.2060 NZD
22 February 20241 MOP = 0.2056 NZD
23 February 20241 MOP = 0.2050 NZD
24 February 20241 MOP = 0.2003 NZD
25 February 20241 MOP = 0.2001 NZD
26 February 20241 MOP = 0.2055 NZD
27 February 20241 MOP = 0.2060 NZD
28 February 20241 MOP = 0.2059 NZD
29 February 20241 MOP = 0.2087 NZD

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

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.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

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.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

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.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.

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.
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