Historic Arab Emirates Dirham Macanese pataca

Arab Emirates Dirham macanese pataca history for December 2023. The highest quote for this month is 2.1919 (02/12/2023) and the lowest 2.1919 (02/12/2023). The difference between high and low is 0.

AED MOP average rate for December 2023 is 2.15603, the change between 01/12/2023 and 31/12/2023 is -2.27 %.

01 December 20231 AED = 2.141 MOP
02 December 20231 AED = 2.192 MOP
03 December 20231 AED = 2.191 MOP
04 December 20231 AED = 2.144 MOP
05 December 20231 AED = 2.144 MOP
06 December 20231 AED = 2.143 MOP
07 December 20231 AED = 2.141 MOP
08 December 20231 AED = 2.143 MOP
10 December 20231 AED = 2.190 MOP
11 December 20231 AED = 2.145 MOP
12 December 20231 AED = 2.141 MOP
13 December 20231 AED = 2.141 MOP
14 December 20231 AED = 2.142 MOP
15 December 20231 AED = 2.140 MOP
16 December 20231 AED = 2.188 MOP
17 December 20231 AED = 2.188 MOP
18 December 20231 AED = 2.151 MOP
19 December 20231 AED = 2.138 MOP
20 December 20231 AED = 2.136 MOP
21 December 20231 AED = 2.140 MOP
22 December 20231 AED = 2.141 MOP
23 December 20231 AED = 2.191 MOP
24 December 20231 AED = 2.191 MOP
25 December 20231 AED = 2.145 MOP
26 December 20231 AED = 2.145 MOP
27 December 20231 AED = 2.146 MOP
28 December 20231 AED = 2.141 MOP
29 December 20231 AED = 2.154 MOP
31 December 20231 AED = 2.190 MOP

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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

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.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its 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.

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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