Historic Macanese pataca Eritrean nakfa

Macanese pataca eritrean nakfa history for January 2024. The highest quote for this month is 1.9186 (08/01/2024) and the lowest 1.9199 (08/01/2024). The difference between high and low is -0.07.

MOP ERN average rate for January 2024 is 1.90815, the change between 01/01/2024 and 31/01/2024 is -0.06 %.

01 January 20241 MOP = 1.912 ERN
02 January 20241 MOP = 1.911 ERN
03 January 20241 MOP = 1.913 ERN
04 January 20241 MOP = 1.919 ERN
05 January 20241 MOP = 1.918 ERN
06 January 20241 MOP = 1.873 ERN
07 January 20241 MOP = 1.873 ERN
08 January 20241 MOP = 1.920 ERN
09 January 20241 MOP = 1.919 ERN
10 January 20241 MOP = 1.914 ERN
11 January 20241 MOP = 1.914 ERN
12 January 20241 MOP = 1.912 ERN
14 January 20241 MOP = 1.868 ERN
15 January 20241 MOP = 1.917 ERN
16 January 20241 MOP = 1.916 ERN
17 January 20241 MOP = 1.908 ERN
18 January 20241 MOP = 1.914 ERN
19 January 20241 MOP = 1.912 ERN
22 January 20241 MOP = 1.916 ERN
23 January 20241 MOP = 1.913 ERN
24 January 20241 MOP = 1.915 ERN
25 January 20241 MOP = 1.915 ERN
26 January 20241 MOP = 1.915 ERN
28 January 20241 MOP = 1.873 ERN
29 January 20241 MOP = 1.912 ERN
30 January 20241 MOP = 1.918 ERN
31 January 20241 MOP = 1.913 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
MOP ERN July 2024
MOP ERN August 2024
MOP ERN September 2024
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MOP ERN November 2024
MOP ERN December 2024
MOP ERN January 2025