Historic Macanese pataca Jamaican Dollar

Macanese pataca jamaican dollar history for February 2024. The highest quote for this month is 19.741 (15/02/2024) and the lowest 19.74 (16/02/2024). The difference between high and low is 0.01.

MOP JMD average rate for February 2024 is 19.5607, the change between 01/02/2024 and 29/02/2024 is -0.31 %.

01 February 20241 MOP = 19.56 JMD
02 February 20241 MOP = 19.56 JMD
03 February 20241 MOP = 19.25 JMD
04 February 20241 MOP = 19.25 JMD
05 February 20241 MOP = 19.61 JMD
06 February 20241 MOP = 19.61 JMD
07 February 20241 MOP = 19.62 JMD
08 February 20241 MOP = 19.62 JMD
09 February 20241 MOP = 19.55 JMD
12 February 20241 MOP = 19.68 JMD
13 February 20241 MOP = 19.67 JMD
14 February 20241 MOP = 19.66 JMD
15 February 20241 MOP = 19.72 JMD
16 February 20241 MOP = 19.74 JMD
17 February 20241 MOP = 19.34 JMD
18 February 20241 MOP = 19.34 JMD
19 February 20241 MOP = 19.67 JMD
20 February 20241 MOP = 19.70 JMD
21 February 20241 MOP = 19.69 JMD
22 February 20241 MOP = 19.68 JMD
23 February 20241 MOP = 19.69 JMD
24 February 20241 MOP = 19.11 JMD
25 February 20241 MOP = 19.29 JMD
26 February 20241 MOP = 19.65 JMD
27 February 20241 MOP = 19.67 JMD
28 February 20241 MOP = 19.58 JMD
29 February 20241 MOP = 19.62 JMD

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.

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

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.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

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.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

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.
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