Historic Macanese pataca Azerbaijani manat

Macanese pataca azerbaijani manat history for December 2023. The highest quote for this month is 0.21659 (19/12/2023) and the lowest 0.21839 (14/12/2023). The difference between high and low is -0.83.

MOP AZN average rate for December 2023 is 0.21599, the change between 01/12/2023 and 31/12/2023 is +0.62 %.

01 December 20231 MOP = 0.2162 AZN
04 December 20231 MOP = 0.2160 AZN
05 December 20231 MOP = 0.2159 AZN
06 December 20231 MOP = 0.2160 AZN
07 December 20231 MOP = 0.2162 AZN
08 December 20231 MOP = 0.2160 AZN
11 December 20231 MOP = 0.2158 AZN
12 December 20231 MOP = 0.2162 AZN
13 December 20231 MOP = 0.2163 AZN
14 December 20231 MOP = 0.2161 AZN
15 December 20231 MOP = 0.2163 AZN
18 December 20231 MOP = 0.2151 AZN
19 December 20231 MOP = 0.2165 AZN
20 December 20231 MOP = 0.2167 AZN
21 December 20231 MOP = 0.2163 AZN
22 December 20231 MOP = 0.2162 AZN
25 December 20231 MOP = 0.2158 AZN
26 December 20231 MOP = 0.2158 AZN
27 December 20231 MOP = 0.2157 AZN
28 December 20231 MOP = 0.2162 AZN
29 December 20231 MOP = 0.2148 AZN

31/12/2020: Digital Currency Pilot

Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.

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.

20/12/2017: Second Devaluation

The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.

20/12/2015: Devaluation

The manat was devalued by more than 30% against the US dollar in response to falling oil prices.

20/02/2005: Pegged to US Dollar

The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.

14/06/2001: Currency Reform

A currency reform was implemented, resulting in a new manat with a higher exchange rate.

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.

31/12/1993: Hyperinflation

Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.

14/08/1992: Introduction of Manat

The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.

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.