Historic Kuwaiti Dinar Macanese pataca

Kuwaiti Dinar macanese pataca history for December 2023. The highest quote for this month is 26.171 (31/12/2023) and the lowest 26.201 (24/12/2023). The difference between high and low is -0.11.

KWD MOP average rate for December 2023 is 25.7275, the change between 01/12/2023 and 31/12/2023 is -2.64 %.

01 December 20231 KWD = 25.50 MOP
02 December 20231 KWD = 26.07 MOP
04 December 20231 KWD = 25.53 MOP
05 December 20231 KWD = 25.52 MOP
06 December 20231 KWD = 25.51 MOP
07 December 20231 KWD = 25.52 MOP
08 December 20231 KWD = 25.57 MOP
10 December 20231 KWD = 26.09 MOP
11 December 20231 KWD = 25.58 MOP
12 December 20231 KWD = 25.52 MOP
13 December 20231 KWD = 25.53 MOP
14 December 20231 KWD = 25.57 MOP
15 December 20231 KWD = 25.59 MOP
16 December 20231 KWD = 26.14 MOP
17 December 20231 KWD = 26.14 MOP
18 December 20231 KWD = 25.72 MOP
19 December 20231 KWD = 25.56 MOP
20 December 20231 KWD = 25.55 MOP
21 December 20231 KWD = 25.59 MOP
22 December 20231 KWD = 25.63 MOP
23 December 20231 KWD = 26.16 MOP
24 December 20231 KWD = 26.19 MOP
25 December 20231 KWD = 25.68 MOP
26 December 20231 KWD = 25.68 MOP
27 December 20231 KWD = 25.65 MOP
28 December 20231 KWD = 25.64 MOP
29 December 20231 KWD = 25.78 MOP
31 December 20231 KWD = 26.17 MOP

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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

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.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

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.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

08/06/1967: Link with Portuguese escudo reestablished

The Macanese pataca was once again pegged to the Portuguese escudo, ending the gold standard era.

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

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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