Moroccan dirham macanese pataca exchange rate history (MAD MOP) October 2023

Moroccan dirham macanese pataca history for October 2023. The highest quote for this month is 0.79462 (13/10/2023) and the lowest 0.79748 (12/10/2023). The difference between high and low is -0.36.

MAD MOP average rate for October 2023 is 0.77646, the change between 01/10/2023 and 31/10/2023 is +2.49 %.

01 October 2023	1 MAD = 0.7843 MOP
02 October 2023	1 MAD = 0.7932 MOP
03 October 2023	1 MAD = 0.7640 MOP
04 October 2023	1 MAD = 0.7628 MOP
05 October 2023	1 MAD = 0.7638 MOP
06 October 2023	1 MAD = 0.7854 MOP
07 October 2023	1 MAD = 0.7858 MOP
09 October 2023	1 MAD = 0.7948 MOP
10 October 2023	1 MAD = 0.7839 MOP
11 October 2023	1 MAD = 0.7673 MOP
12 October 2023	1 MAD = 0.7686 MOP
13 October 2023	1 MAD = 0.7681 MOP
16 October 2023	1 MAD = 0.7961 MOP
17 October 2023	1 MAD = 0.7674 MOP
18 October 2023	1 MAD = 0.7675 MOP
19 October 2023	1 MAD = 0.7915 MOP
20 October 2023	1 MAD = 0.7639 MOP
21 October 2023	1 MAD = 0.7805 MOP
22 October 2023	1 MAD = 0.7806 MOP
23 October 2023	1 MAD = 0.7892 MOP
24 October 2023	1 MAD = 0.7626 MOP
25 October 2023	1 MAD = 0.7645 MOP
26 October 2023	1 MAD = 0.7671 MOP
27 October 2023	1 MAD = 0.7670 MOP
28 October 2023	1 MAD = 0.7834 MOP
29 October 2023	1 MAD = 0.7844 MOP
30 October 2023	1 MAD = 0.7886 MOP
31 October 2023	1 MAD = 0.7647 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.

Historic Moroccan dirham Macanese pataca