Macanese pataca tongan paʻanga exchange rate history (MOP TOP) December 2023

Macanese pataca tongan paʻanga history for December 2023. The highest quote for this month is 0.30163 (12/12/2023) and the lowest 0.30005 (14/12/2023). The difference between high and low is 0.52.

MOP TOP average rate for December 2023 is 0.29571, the change between 01/12/2023 and 31/12/2023 is +3.38 %.

01 December 2023	1 MOP = 0.2962 TOP
02 December 2023	1 MOP = 0.2893 TOP
03 December 2023	1 MOP = 0.2893 TOP
04 December 2023	1 MOP = 0.2959 TOP
05 December 2023	1 MOP = 0.2969 TOP
06 December 2023	1 MOP = 0.2971 TOP
07 December 2023	1 MOP = 0.3004 TOP
08 December 2023	1 MOP = 0.3005 TOP
10 December 2023	1 MOP = 0.2912 TOP
11 December 2023	1 MOP = 0.3010 TOP
12 December 2023	1 MOP = 0.3015 TOP
13 December 2023	1 MOP = 0.3003 TOP
14 December 2023	1 MOP = 0.2990 TOP
15 December 2023	1 MOP = 0.2984 TOP
16 December 2023	1 MOP = 0.2917 TOP
17 December 2023	1 MOP = 0.2917 TOP
18 December 2023	1 MOP = 0.2982 TOP
19 December 2023	1 MOP = 0.2966 TOP
20 December 2023	1 MOP = 0.3017 TOP
21 December 2023	1 MOP = 0.2960 TOP
22 December 2023	1 MOP = 0.2965 TOP
23 December 2023	1 MOP = 0.2897 TOP
24 December 2023	1 MOP = 0.2897 TOP
26 December 2023	1 MOP = 0.2942 TOP
27 December 2023	1 MOP = 0.2992 TOP
28 December 2023	1 MOP = 0.3007 TOP
29 December 2023	1 MOP = 0.2909 TOP
30 December 2023	1 MOP = 0.2862 TOP

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

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.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

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.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

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.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national 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.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.

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 Tongan paʻanga