Historic Macanese pataca Pound sterling

Macanese pataca pound sterling history for December 2023. The highest quote for this month is 0.1017 (08/12/2023) and the lowest 0.1012 (13/12/2023). The difference between high and low is 0.49.

MOP GBP average rate for December 2023 is 0.09996, the change between 01/12/2023 and 31/12/2023 is +3.02 %.

01 December 20231 MOP = 0.1007 GBP
03 December 20231 MOP = 0.0977 GBP
04 December 20231 MOP = 0.1000 GBP
05 December 20231 MOP = 0.1006 GBP
06 December 20231 MOP = 0.1009 GBP
07 December 20231 MOP = 0.1013 GBP
08 December 20231 MOP = 0.1010 GBP
10 December 20231 MOP = 0.0991 GBP
11 December 20231 MOP = 0.1011 GBP
12 December 20231 MOP = 0.1013 GBP
13 December 20231 MOP = 0.1012 GBP
14 December 20231 MOP = 0.1007 GBP
15 December 20231 MOP = 0.0997 GBP
17 December 20231 MOP = 0.0981 GBP
18 December 20231 MOP = 0.0999 GBP
19 December 20231 MOP = 0.1007 GBP
20 December 20231 MOP = 0.1001 GBP
21 December 20231 MOP = 0.1007 GBP
22 December 20231 MOP = 0.1003 GBP
24 December 20231 MOP = 0.0979 GBP
25 December 20231 MOP = 0.1002 GBP
26 December 20231 MOP = 0.0999 GBP
27 December 20231 MOP = 0.0997 GBP
28 December 20231 MOP = 0.0994 GBP
29 December 20231 MOP = 0.0993 GBP
31 December 20231 MOP = 0.0977 GBP

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.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

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.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

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.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal 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.

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

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.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.
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