Historic Macanese pataca Cuban peso

Macanese pataca cuban peso history for February 2024. The highest quote for this month is 3.0471 (14/02/2024) and the lowest 3.0475 (14/02/2024). The difference between high and low is -0.01.

MOP CUP average rate for February 2024 is 3.02742, the change between 01/02/2024 and 29/02/2024 is +0.1 %.

01 February 20241 MOP = 3.047 CUP
02 February 20241 MOP = 3.046 CUP
03 February 20241 MOP = 2.980 CUP
04 February 20241 MOP = 2.980 CUP
05 February 20241 MOP = 3.046 CUP
06 February 20241 MOP = 3.046 CUP
07 February 20241 MOP = 3.045 CUP
08 February 20241 MOP = 3.046 CUP
09 February 20241 MOP = 3.046 CUP
10 February 20241 MOP = 2.980 CUP
11 February 20241 MOP = 2.980 CUP
12 February 20241 MOP = 3.047 CUP
13 February 20241 MOP = 3.046 CUP
14 February 20241 MOP = 3.047 CUP
15 February 20241 MOP = 3.048 CUP
16 February 20241 MOP = 3.047 CUP
17 February 20241 MOP = 2.979 CUP
18 February 20241 MOP = 2.979 CUP
19 February 20241 MOP = 3.046 CUP
20 February 20241 MOP = 3.046 CUP
21 February 20241 MOP = 3.046 CUP
22 February 20241 MOP = 3.045 CUP
23 February 20241 MOP = 3.045 CUP
24 February 20241 MOP = 2.978 CUP
25 February 20241 MOP = 2.978 CUP
26 February 20241 MOP = 3.045 CUP
27 February 20241 MOP = 3.045 CUP
28 February 20241 MOP = 3.044 CUP
29 February 20241 MOP = 3.044 CUP

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

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.

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

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.

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

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.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.

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.
MOP CUP January 2024
MOP CUP February 2024
MOP CUP March 2024
MOP CUP April 2024
MOP CUP May 2024
MOP CUP June 2024
MOP CUP July 2024
MOP CUP August 2024
MOP CUP September 2024
MOP CUP October 2024
MOP CUP November 2024
MOP CUP December 2024
MOP CUP January 2025