Historic Macanese pataca Eritrean nakfa

Macanese pataca eritrean nakfa history for February 2024. The highest quote for this month is 1.9161 (15/02/2024) and the lowest 1.9236 (02/02/2024). The difference between high and low is -0.39.

MOP ERN average rate for February 2024 is 1.90344, the change between 01/02/2024 and 29/02/2024 is +0.2 %.

01 February 20241 MOP = 1.919 ERN
02 February 20241 MOP = 1.913 ERN
03 February 20241 MOP = 1.869 ERN
04 February 20241 MOP = 1.869 ERN
05 February 20241 MOP = 1.898 ERN
06 February 20241 MOP = 1.910 ERN
07 February 20241 MOP = 1.913 ERN
08 February 20241 MOP = 1.912 ERN
09 February 20241 MOP = 1.914 ERN
12 February 20241 MOP = 1.915 ERN
13 February 20241 MOP = 1.915 ERN
14 February 20241 MOP = 1.916 ERN
15 February 20241 MOP = 1.913 ERN
16 February 20241 MOP = 1.916 ERN
17 February 20241 MOP = 1.871 ERN
18 February 20241 MOP = 1.871 ERN
19 February 20241 MOP = 1.915 ERN
20 February 20241 MOP = 1.913 ERN
21 February 20241 MOP = 1.915 ERN
22 February 20241 MOP = 1.912 ERN
23 February 20241 MOP = 1.914 ERN
24 February 20241 MOP = 1.870 ERN
25 February 20241 MOP = 1.870 ERN
26 February 20241 MOP = 1.913 ERN
27 February 20241 MOP = 1.915 ERN
28 February 20241 MOP = 1.912 ERN
29 February 20241 MOP = 1.915 ERN

08/04/2020: COVID-19 impact on currency circulation

Due to the COVID-19 pandemic, circulation of nakfa banknotes decreased as people relied more on digital transactions.

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.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

14/11/2005: Currency redenomination

The Eritrean nakfa underwent a redenomination where old nakfa notes were replaced with new nakfa notes in a ratio of 1:1,000.

08/11/1997: Introduction of the Eritrean nakfa

The Eritrean nakfa was introduced as the official currency of Eritrea, replacing the Ethiopian birr.

08/11/1997: Currency exchange rate fixed

The Eritrean nakfa was fixed at an exchange rate of 1 USD = 10 ERN.

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.

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.
MOP ERN January 2024
MOP ERN February 2024
MOP ERN March 2024
MOP ERN April 2024
MOP ERN May 2024
MOP ERN June 2024
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MOP ERN January 2025