Historic Moroccan dirham Macanese pataca

Moroccan dirham macanese pataca history for December 2023. The highest quote for this month is 0.82369 (29/12/2023) and the lowest 0.82495 (28/12/2023). The difference between high and low is -0.15.

MAD MOP average rate for December 2023 is 0.79604, the change between 01/12/2023 and 31/12/2023 is -1.31 %.

01 December 20231 MAD = 0.8053 MOP
02 December 20231 MAD = 0.7984 MOP
03 December 20231 MAD = 0.7981 MOP
04 December 20231 MAD = 0.8061 MOP
05 December 20231 MAD = 0.7810 MOP
06 December 20231 MAD = 0.7793 MOP
07 December 20231 MAD = 0.7788 MOP
08 December 20231 MAD = 0.7782 MOP
10 December 20231 MAD = 0.7915 MOP
11 December 20231 MAD = 0.8010 MOP
12 December 20231 MAD = 0.7975 MOP
13 December 20231 MAD = 0.7985 MOP
14 December 20231 MAD = 0.7717 MOP
15 December 20231 MAD = 0.7794 MOP
16 December 20231 MAD = 0.7943 MOP
17 December 20231 MAD = 0.7943 MOP
18 December 20231 MAD = 0.8032 MOP
19 December 20231 MAD = 0.8011 MOP
20 December 20231 MAD = 0.7767 MOP
21 December 20231 MAD = 0.7826 MOP
22 December 20231 MAD = 0.7896 MOP
23 December 20231 MAD = 0.8115 MOP
24 December 20231 MAD = 0.8114 MOP
25 December 20231 MAD = 0.8213 MOP
26 December 20231 MAD = 0.8207 MOP
27 December 20231 MAD = 0.7952 MOP
28 December 20231 MAD = 0.8025 MOP
29 December 20231 MAD = 0.8003 MOP
31 December 20231 MAD = 0.8158 MOP

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

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.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official 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.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

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.
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