Macanese pataca south african rand exchange rate history (MOP ZAR) October 2023

Macanese pataca south african rand history for October 2023. The highest quote for this month is 2.4927 (05/10/2023) and the lowest 2.452 (09/10/2023). The difference between high and low is 1.63.

MOP ZAR average rate for October 2023 is 2.40407, the change between 01/10/2023 and 31/10/2023 is -2.4 %.

01 October 2023	1 MOP = 2.340 ZAR
02 October 2023	1 MOP = 2.391 ZAR
03 October 2023	1 MOP = 2.437 ZAR
04 October 2023	1 MOP = 2.450 ZAR
05 October 2023	1 MOP = 2.456 ZAR
06 October 2023	1 MOP = 2.484 ZAR
07 October 2023	1 MOP = 2.392 ZAR
08 October 2023	1 MOP = 2.392 ZAR
09 October 2023	1 MOP = 2.468 ZAR
10 October 2023	1 MOP = 2.431 ZAR
11 October 2023	1 MOP = 2.414 ZAR
12 October 2023	1 MOP = 2.391 ZAR
13 October 2023	1 MOP = 2.416 ZAR
16 October 2023	1 MOP = 2.410 ZAR
17 October 2023	1 MOP = 2.387 ZAR
18 October 2023	1 MOP = 2.391 ZAR
19 October 2023	1 MOP = 2.410 ZAR
20 October 2023	1 MOP = 2.415 ZAR
21 October 2023	1 MOP = 2.343 ZAR
22 October 2023	1 MOP = 2.356 ZAR
23 October 2023	1 MOP = 2.415 ZAR
24 October 2023	1 MOP = 2.408 ZAR
25 October 2023	1 MOP = 2.415 ZAR
26 October 2023	1 MOP = 2.431 ZAR
27 October 2023	1 MOP = 2.406 ZAR
28 October 2023	1 MOP = 2.341 ZAR
29 October 2023	1 MOP = 2.341 ZAR
30 October 2023	1 MOP = 2.391 ZAR
31 October 2023	1 MOP = 2.396 ZAR

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

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.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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 South African rand