Historic Macanese pataca Australian dollar

Macanese pataca australian dollar history for January 2024. The highest quote for this month is 0.19423 (18/01/2024) and the lowest 0.19342 (18/01/2024). The difference between high and low is 0.42.

MOP AUD average rate for January 2024 is 0.18991, the change between 01/01/2024 and 31/01/2024 is -3.63 %.

01 January 20241 MOP = 0.1860 AUD
02 January 20241 MOP = 0.1861 AUD
03 January 20241 MOP = 0.1878 AUD
04 January 20241 MOP = 0.1890 AUD
05 January 20241 MOP = 0.1897 AUD
06 January 20241 MOP = 0.1851 AUD
07 January 20241 MOP = 0.1851 AUD
08 January 20241 MOP = 0.1899 AUD
09 January 20241 MOP = 0.1895 AUD
10 January 20241 MOP = 0.1902 AUD
11 January 20241 MOP = 0.1895 AUD
12 January 20241 MOP = 0.1897 AUD
13 January 20241 MOP = 0.1856 AUD
14 January 20241 MOP = 0.1856 AUD
15 January 20241 MOP = 0.1901 AUD
16 January 20241 MOP = 0.1912 AUD
17 January 20241 MOP = 0.1924 AUD
18 January 20241 MOP = 0.1938 AUD
19 January 20241 MOP = 0.1930 AUD
20 January 20241 MOP = 0.1882 AUD
21 January 20241 MOP = 0.1884 AUD
22 January 20241 MOP = 0.1928 AUD
23 January 20241 MOP = 0.1935 AUD
24 January 20241 MOP = 0.1930 AUD
25 January 20241 MOP = 0.1932 AUD
26 January 20241 MOP = 0.1929 AUD
27 January 20241 MOP = 0.1889 AUD
28 January 20241 MOP = 0.1889 AUD
29 January 20241 MOP = 0.1931 AUD
30 January 20241 MOP = 0.1924 AUD
31 January 20241 MOP = 0.1928 AUD

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

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.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

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.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

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.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian 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.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

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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