Historic Eritrean nakfa Macanese pataca

Eritrean nakfa macanese pataca history for January 2024. The highest quote for this month is 0.53526 (14/01/2024) and the lowest 0.53524 (14/01/2024). The difference between high and low is 0.

ERN MOP average rate for January 2024 is 0.5241, the change between 01/01/2024 and 31/01/2024 is +0.07 %.

01 January 20241 ERN = 0.5230 MOP
02 January 20241 ERN = 0.5234 MOP
03 January 20241 ERN = 0.5228 MOP
04 January 20241 ERN = 0.5211 MOP
05 January 20241 ERN = 0.5215 MOP
06 January 20241 ERN = 0.5339 MOP
07 January 20241 ERN = 0.5339 MOP
08 January 20241 ERN = 0.5210 MOP
09 January 20241 ERN = 0.5212 MOP
10 January 20241 ERN = 0.5225 MOP
11 January 20241 ERN = 0.5224 MOP
12 January 20241 ERN = 0.5230 MOP
14 January 20241 ERN = 0.5353 MOP
15 January 20241 ERN = 0.5218 MOP
16 January 20241 ERN = 0.5219 MOP
17 January 20241 ERN = 0.5241 MOP
18 January 20241 ERN = 0.5226 MOP
19 January 20241 ERN = 0.5231 MOP
22 January 20241 ERN = 0.5219 MOP
23 January 20241 ERN = 0.5227 MOP
24 January 20241 ERN = 0.5221 MOP
25 January 20241 ERN = 0.5222 MOP
26 January 20241 ERN = 0.5223 MOP
28 January 20241 ERN = 0.5341 MOP
29 January 20241 ERN = 0.5231 MOP
30 January 20241 ERN = 0.5214 MOP
31 January 20241 ERN = 0.5226 MOP

08/04/2020: COVID-19 impact on currency circulation

Due to the COVID-19 pandemic, circulation of nakfa banknotes decreased as people relied more on digital transactions.

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.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

14/11/2005: Currency redenomination

The Eritrean nakfa underwent a redenomination where old nakfa notes were replaced with new nakfa notes in a ratio of 1:1,000.

08/11/1997: Introduction of the Eritrean nakfa

The Eritrean nakfa was introduced as the official currency of Eritrea, replacing the Ethiopian birr.

08/11/1997: Currency exchange rate fixed

The Eritrean nakfa was fixed at an exchange rate of 1 USD = 10 ERN.

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.

20/10/1977: 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.

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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