Historic Danish Krone Macanese pataca

Danish Krone macanese pataca history for February 2024. The highest quote for this month is 1.1708 (25/02/2024) and the lowest 1.1709 (25/02/2024). The difference between high and low is -0.01.

DKK MOP average rate for February 2024 is 1.14642, the change between 01/02/2024 and 29/02/2024 is -0.4 %.

01 February 20241 DKK = 1.138 MOP
02 February 20241 DKK = 1.148 MOP
03 February 20241 DKK = 1.166 MOP
04 February 20241 DKK = 1.166 MOP
05 February 20241 DKK = 1.149 MOP
06 February 20241 DKK = 1.135 MOP
07 February 20241 DKK = 1.136 MOP
08 February 20241 DKK = 1.137 MOP
09 February 20241 DKK = 1.138 MOP
10 February 20241 DKK = 1.165 MOP
11 February 20241 DKK = 1.165 MOP
12 February 20241 DKK = 1.139 MOP
13 February 20241 DKK = 1.137 MOP
14 February 20241 DKK = 1.130 MOP
15 February 20241 DKK = 1.133 MOP
16 February 20241 DKK = 1.137 MOP
17 February 20241 DKK = 1.165 MOP
18 February 20241 DKK = 1.165 MOP
19 February 20241 DKK = 1.139 MOP
20 February 20241 DKK = 1.138 MOP
21 February 20241 DKK = 1.142 MOP
22 February 20241 DKK = 1.143 MOP
23 February 20241 DKK = 1.144 MOP
25 February 20241 DKK = 1.171 MOP
26 February 20241 DKK = 1.142 MOP
27 February 20241 DKK = 1.146 MOP
28 February 20241 DKK = 1.145 MOP
29 February 20241 DKK = 1.143 MOP

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

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.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

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.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

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.

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.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

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.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.
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