New Zealand Dollar macanese pataca exchange rate history (NZD MOP) December 2023

New Zealand Dollar macanese pataca history for December 2023. The highest quote for this month is 5.0885 (30/12/2023) and the lowest 5.2447 (25/12/2023). The difference between high and low is -3.07.

NZD MOP average rate for December 2023 is 4.93295, the change between 01/12/2023 and 31/12/2023 is -5.11 %.

01 December 2023	1 NZD = 4.841 MOP
02 December 2023	1 NZD = 4.999 MOP
03 December 2023	1 NZD = 4.987 MOP
04 December 2023	1 NZD = 4.892 MOP
05 December 2023	1 NZD = 4.852 MOP
06 December 2023	1 NZD = 4.826 MOP
07 December 2023	1 NZD = 4.828 MOP
08 December 2023	1 NZD = 4.848 MOP
09 December 2023	1 NZD = 4.924 MOP
10 December 2023	1 NZD = 4.925 MOP
11 December 2023	1 NZD = 4.823 MOP
12 December 2023	1 NZD = 4.814 MOP
13 December 2023	1 NZD = 4.823 MOP
14 December 2023	1 NZD = 4.868 MOP
15 December 2023	1 NZD = 4.882 MOP
16 December 2023	1 NZD = 4.991 MOP
17 December 2023	1 NZD = 4.991 MOP
18 December 2023	1 NZD = 4.906 MOP
19 December 2023	1 NZD = 4.878 MOP
20 December 2023	1 NZD = 4.919 MOP
21 December 2023	1 NZD = 4.914 MOP
22 December 2023	1 NZD = 4.949 MOP
23 December 2023	1 NZD = 5.07 MOP
24 December 2023	1 NZD = 5.07 MOP
25 December 2023	1 NZD = 4.977 MOP
26 December 2023	1 NZD = 4.966 MOP
27 December 2023	1 NZD = 4.987 MOP
28 December 2023	1 NZD = 4.991 MOP
29 December 2023	1 NZD = 5.01 MOP
30 December 2023	1 NZD = 5.09 MOP
31 December 2023	1 NZD = 5.09 MOP

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

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.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

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.

08/06/1967: Link with Portuguese escudo reestablished

The Macanese pataca was once again pegged to the Portuguese escudo, ending the gold standard era.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

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.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.

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 New Zealand Dollar Macanese pataca