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

Cuban peso macanese pataca history for January 2024. The highest quote for this month is 0.33565 (14/01/2024) and the lowest 0.33564 (13/01/2024). The difference between high and low is 0.

CUP MOP average rate for January 2024 is 0.33008, the change between 01/01/2024 and 31/01/2024 is -0.01 %.

01 January 2024	1 CUP = 0.3281 MOP
02 January 2024	1 CUP = 0.3281 MOP
03 January 2024	1 CUP = 0.3281 MOP
04 January 2024	1 CUP = 0.3279 MOP
05 January 2024	1 CUP = 0.3279 MOP
06 January 2024	1 CUP = 0.3352 MOP
07 January 2024	1 CUP = 0.3353 MOP
08 January 2024	1 CUP = 0.3280 MOP
09 January 2024	1 CUP = 0.3278 MOP
10 January 2024	1 CUP = 0.3282 MOP
11 January 2024	1 CUP = 0.3284 MOP
12 January 2024	1 CUP = 0.3283 MOP
13 January 2024	1 CUP = 0.3356 MOP
14 January 2024	1 CUP = 0.3357 MOP
15 January 2024	1 CUP = 0.3285 MOP
16 January 2024	1 CUP = 0.3284 MOP
17 January 2024	1 CUP = 0.3286 MOP
18 January 2024	1 CUP = 0.3285 MOP
19 January 2024	1 CUP = 0.3284 MOP
20 January 2024	1 CUP = 0.3355 MOP
21 January 2024	1 CUP = 0.3355 MOP
22 January 2024	1 CUP = 0.3283 MOP
23 January 2024	1 CUP = 0.3283 MOP
24 January 2024	1 CUP = 0.3284 MOP
25 January 2024	1 CUP = 0.3283 MOP
26 January 2024	1 CUP = 0.3282 MOP
27 January 2024	1 CUP = 0.3354 MOP
28 January 2024	1 CUP = 0.3353 MOP
29 January 2024	1 CUP = 0.3281 MOP
30 January 2024	1 CUP = 0.3279 MOP
31 January 2024	1 CUP = 0.3281 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