Cuban peso macanese pataca exchange rate history (CUP MOP) February 2024

Cuban peso macanese pataca history for February 2024. The highest quote for this month is 0.33578 (25/02/2024) and the lowest 0.33576 (24/02/2024). The difference between high and low is 0.01.

CUP MOP average rate for February 2024 is 0.33034, the change between 01/02/2024 and 29/02/2024 is -0.1 %.

01 February 2024	1 CUP = 0.3282 MOP
02 February 2024	1 CUP = 0.3283 MOP
03 February 2024	1 CUP = 0.3356 MOP
04 February 2024	1 CUP = 0.3356 MOP
05 February 2024	1 CUP = 0.3283 MOP
06 February 2024	1 CUP = 0.3283 MOP
07 February 2024	1 CUP = 0.3284 MOP
08 February 2024	1 CUP = 0.3283 MOP
09 February 2024	1 CUP = 0.3283 MOP
10 February 2024	1 CUP = 0.3356 MOP
11 February 2024	1 CUP = 0.3356 MOP
12 February 2024	1 CUP = 0.3282 MOP
13 February 2024	1 CUP = 0.3283 MOP
14 February 2024	1 CUP = 0.3282 MOP
15 February 2024	1 CUP = 0.3281 MOP
16 February 2024	1 CUP = 0.3282 MOP
17 February 2024	1 CUP = 0.3357 MOP
18 February 2024	1 CUP = 0.3356 MOP
19 February 2024	1 CUP = 0.3283 MOP
20 February 2024	1 CUP = 0.3283 MOP
21 February 2024	1 CUP = 0.3283 MOP
22 February 2024	1 CUP = 0.3284 MOP
23 February 2024	1 CUP = 0.3284 MOP
24 February 2024	1 CUP = 0.3358 MOP
25 February 2024	1 CUP = 0.3358 MOP
26 February 2024	1 CUP = 0.3284 MOP
27 February 2024	1 CUP = 0.3284 MOP
28 February 2024	1 CUP = 0.3285 MOP
29 February 2024	1 CUP = 0.3286 MOP

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

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.

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

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.

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

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.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.

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 Cuban peso Macanese pataca