Historic Moroccan dirham Macanese pataca

Moroccan dirham macanese pataca history for January 2024. The highest quote for this month is 0.82013 (01/01/2024) and the lowest 0.82207 (05/01/2024). The difference between high and low is -0.24.

MAD MOP average rate for January 2024 is 0.80199, the change between 01/01/2024 and 31/01/2024 is +4.12 %.

01 January 20241 MAD = 0.8201 MOP
02 January 20241 MAD = 0.8201 MOP
03 January 20241 MAD = 0.7926 MOP
04 January 20241 MAD = 0.7911 MOP
05 January 20241 MAD = 0.7942 MOP
06 January 20241 MAD = 0.8089 MOP
07 January 20241 MAD = 0.8113 MOP
08 January 20241 MAD = 0.8160 MOP
09 January 20241 MAD = 0.7912 MOP
10 January 20241 MAD = 0.8156 MOP
11 January 20241 MAD = 0.7915 MOP
12 January 20241 MAD = 0.7915 MOP
14 January 20241 MAD = 0.8099 MOP
15 January 20241 MAD = 0.8160 MOP
16 January 20241 MAD = 0.8163 MOP
17 January 20241 MAD = 0.8148 MOP
18 January 20241 MAD = 0.7885 MOP
19 January 20241 MAD = 0.7882 MOP
22 January 20241 MAD = 0.8169 MOP
23 January 20241 MAD = 0.7915 MOP
24 January 20241 MAD = 0.7884 MOP
25 January 20241 MAD = 0.7906 MOP
26 January 20241 MAD = 0.7887 MOP
27 January 20241 MAD = 0.8089 MOP
28 January 20241 MAD = 0.8071 MOP
29 January 20241 MAD = 0.8155 MOP
30 January 20241 MAD = 0.7842 MOP
31 January 20241 MAD = 0.7863 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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