Historic Moroccan dirham Macanese pataca

Moroccan dirham macanese pataca history for February 2024. The highest quote for this month is 0.80923 (13/02/2024) and the lowest 0.81024 (12/02/2024). The difference between high and low is -0.12.

MAD MOP average rate for February 2024 is 0.79408, the change between 01/02/2024 and 29/02/2024 is -2.05 %.

01 February 20241 MAD = 0.7856 MOP
02 February 20241 MAD = 0.7864 MOP
03 February 20241 MAD = 0.8026 MOP
04 February 20241 MAD = 0.8026 MOP
05 February 20241 MAD = 0.8135 MOP
06 February 20241 MAD = 0.8077 MOP
07 February 20241 MAD = 0.7822 MOP
08 February 20241 MAD = 0.7824 MOP
09 February 20241 MAD = 0.7841 MOP
11 February 20241 MAD = 0.8051 MOP
12 February 20241 MAD = 0.8102 MOP
13 February 20241 MAD = 0.7841 MOP
14 February 20241 MAD = 0.7816 MOP
15 February 20241 MAD = 0.7812 MOP
16 February 20241 MAD = 0.7822 MOP
17 February 20241 MAD = 0.8007 MOP
18 February 20241 MAD = 0.8006 MOP
19 February 20241 MAD = 0.8076 MOP
20 February 20241 MAD = 0.8057 MOP
21 February 20241 MAD = 0.7808 MOP
22 February 20241 MAD = 0.7812 MOP
23 February 20241 MAD = 0.7832 MOP
24 February 20241 MAD = 0.8016 MOP
25 February 20241 MAD = 0.8016 MOP
26 February 20241 MAD = 0.8096 MOP
27 February 20241 MAD = 0.7857 MOP
28 February 20241 MAD = 0.7827 MOP
29 February 20241 MAD = 0.8017 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.
MAD MOP July 2023
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