Historic Macanese pataca Iraqi dinar

Macanese pataca iraqi dinar history for January 2024. The highest quote for this month is 166.53 (08/01/2024) and the lowest 163.2 (04/01/2024). The difference between high and low is 2.

MOP IQD average rate for January 2024 is 164.52519, the change between 01/01/2024 and 31/01/2024 is -2.04 %.

01 January 20241 MOP = 163.0 IQD
02 January 20241 MOP = 163.0 IQD
03 January 20241 MOP = 166.2 IQD
04 January 20241 MOP = 166.6 IQD
05 January 20241 MOP = 166.4 IQD
06 January 20241 MOP = 162.7 IQD
07 January 20241 MOP = 162.7 IQD
08 January 20241 MOP = 163.1 IQD
09 January 20241 MOP = 166.5 IQD
10 January 20241 MOP = 163.0 IQD
11 January 20241 MOP = 166.2 IQD
12 January 20241 MOP = 163.0 IQD
14 January 20241 MOP = 162.5 IQD
15 January 20241 MOP = 162.9 IQD
16 January 20241 MOP = 162.9 IQD
17 January 20241 MOP = 162.8 IQD
18 January 20241 MOP = 166.2 IQD
19 January 20241 MOP = 166.1 IQD
22 January 20241 MOP = 162.9 IQD
23 January 20241 MOP = 166.3 IQD
24 January 20241 MOP = 166.2 IQD
25 January 20241 MOP = 166.2 IQD
26 January 20241 MOP = 166.2 IQD
28 January 20241 MOP = 162.7 IQD
29 January 20241 MOP = 163.1 IQD
30 January 20241 MOP = 166.5 IQD
31 January 20241 MOP = 166.3 IQD

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.

15/10/2018: Government Formation

The formation of a new Iraqi government after parliamentary elections brought hopes of stability and potential economic growth, positively impacting the Iraqi dinar.

10/06/2014: ISIS captures Mosul

The capture of Mosul by ISIS led to a further devaluation of the Iraqi dinar and economic instability in the region.

15/10/2004: Introduction of New Iraqi Dinar

A new series of banknotes with enhanced security features was introduced to replace the previous Iraqi dinar notes.

20/03/2003: US-led Invasion of Iraq

The US-led invasion led to the collapse of the Iraqi government, causing instability and a sharp decline in the value of the Iraqi dinar.

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.

02/08/1990: Iraq invades Kuwait

Iraq's invasion of Kuwait resulted in international economic sanctions and further devaluation of the Iraqi dinar.

22/09/1980: Iran-Iraq War Begins

The Iran-Iraq war started, leading to significant economic challenges and inflation which impacted the Iraqi dinar.

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.

03/10/1932: Independence of Iraq

The Iraqi dinar was introduced as the official currency of Iraq following its independence from British occupation.

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.
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