Historic Macanese pataca Danish Krone

Macanese pataca danish krone history for February 2024. The highest quote for this month is 0.88493 (13/02/2024) and the lowest 0.88272 (14/02/2024). The difference between high and low is 0.25.

MOP DKK average rate for February 2024 is 0.87238, the change between 01/02/2024 and 29/02/2024 is +0.4 %.

01 February 20241 MOP = 0.8785 DKK
02 February 20241 MOP = 0.8712 DKK
03 February 20241 MOP = 0.8576 DKK
04 February 20241 MOP = 0.8575 DKK
05 February 20241 MOP = 0.8706 DKK
06 February 20241 MOP = 0.8810 DKK
07 February 20241 MOP = 0.8803 DKK
08 February 20241 MOP = 0.8792 DKK
09 February 20241 MOP = 0.8784 DKK
10 February 20241 MOP = 0.8582 DKK
11 February 20241 MOP = 0.8582 DKK
12 February 20241 MOP = 0.8782 DKK
13 February 20241 MOP = 0.8794 DKK
14 February 20241 MOP = 0.8847 DKK
15 February 20241 MOP = 0.8830 DKK
16 February 20241 MOP = 0.8798 DKK
17 February 20241 MOP = 0.8586 DKK
18 February 20241 MOP = 0.8588 DKK
19 February 20241 MOP = 0.8781 DKK
20 February 20241 MOP = 0.8790 DKK
21 February 20241 MOP = 0.8761 DKK
22 February 20241 MOP = 0.8752 DKK
23 February 20241 MOP = 0.8745 DKK
25 February 20241 MOP = 0.8541 DKK
26 February 20241 MOP = 0.8757 DKK
27 February 20241 MOP = 0.8727 DKK
28 February 20241 MOP = 0.8732 DKK
29 February 20241 MOP = 0.8749 DKK

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

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.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

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.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

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.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

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.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.
MOP DKK January 2024
MOP DKK February 2024
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