Historic Danish Krone Macanese pataca

Danish Krone macanese pataca history for January 2024. The highest quote for this month is 1.1834 (14/01/2024) and the lowest 1.1833 (13/01/2024). The difference between high and low is 0.01.

DKK MOP average rate for January 2024 is 1.15865, the change between 01/01/2024 and 31/01/2024 is +1.97 %.

01 January 20241 DKK = 1.167 MOP
02 January 20241 DKK = 1.168 MOP
03 January 20241 DKK = 1.155 MOP
04 January 20241 DKK = 1.151 MOP
05 January 20241 DKK = 1.154 MOP
06 January 20241 DKK = 1.181 MOP
07 January 20241 DKK = 1.181 MOP
08 January 20241 DKK = 1.150 MOP
09 January 20241 DKK = 1.153 MOP
10 January 20241 DKK = 1.153 MOP
11 January 20241 DKK = 1.159 MOP
12 January 20241 DKK = 1.159 MOP
13 January 20241 DKK = 1.183 MOP
14 January 20241 DKK = 1.183 MOP
15 January 20241 DKK = 1.154 MOP
16 January 20241 DKK = 1.154 MOP
17 January 20241 DKK = 1.151 MOP
18 January 20241 DKK = 1.150 MOP
19 January 20241 DKK = 1.149 MOP
20 January 20241 DKK = 1.177 MOP
21 January 20241 DKK = 1.177 MOP
22 January 20241 DKK = 1.149 MOP
23 January 20241 DKK = 1.147 MOP
24 January 20241 DKK = 1.146 MOP
25 January 20241 DKK = 1.149 MOP
26 January 20241 DKK = 1.145 MOP
27 January 20241 DKK = 1.172 MOP
28 January 20241 DKK = 1.171 MOP
29 January 20241 DKK = 1.145 MOP
30 January 20241 DKK = 1.142 MOP
31 January 20241 DKK = 1.144 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.
DKK MOP January 2024
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