Historic Macanese pataca Japanese Yen

Macanese pataca japanese yen history for February 2024. The highest quote for this month is 19.152 (13/02/2024) and the lowest 19.115 (14/02/2024). The difference between high and low is 0.19.

MOP JPY average rate for February 2024 is 18.8987, the change between 01/02/2024 and 29/02/2024 is -2.42 %.

01 February 20241 MOP = 18.72 JPY
02 February 20241 MOP = 18.62 JPY
04 February 20241 MOP = 18.40 JPY
05 February 20241 MOP = 18.70 JPY
06 February 20241 MOP = 18.86 JPY
07 February 20241 MOP = 18.77 JPY
08 February 20241 MOP = 18.81 JPY
09 February 20241 MOP = 18.96 JPY
11 February 20241 MOP = 18.53 JPY
12 February 20241 MOP = 18.98 JPY
13 February 20241 MOP = 18.99 JPY
14 February 20241 MOP = 19.16 JPY
15 February 20241 MOP = 19.14 JPY
16 February 20241 MOP = 19.07 JPY
17 February 20241 MOP = 18.64 JPY
18 February 20241 MOP = 18.64 JPY
19 February 20241 MOP = 19.07 JPY
20 February 20241 MOP = 19.10 JPY
21 February 20241 MOP = 19.05 JPY
22 February 20241 MOP = 19.10 JPY
23 February 20241 MOP = 19.11 JPY
24 February 20241 MOP = 18.67 JPY
25 February 20241 MOP = 18.67 JPY
26 February 20241 MOP = 19.13 JPY
27 February 20241 MOP = 19.13 JPY
28 February 20241 MOP = 19.12 JPY
29 February 20241 MOP = 19.17 JPY

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.

28/07/2016: Bank of Japan announces stimulus package

The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major currencies.

11/03/2011: Great East Japan Earthquake

The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.

15/09/2008: Lehman Brothers bankruptcy

The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.

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.

20/03/1995: Kobe earthquake

The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.

22/09/1985: Plaza Accord

Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.

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.

01/03/1973: Yen becomes a floating currency

The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.

08/06/1967: Link with Portuguese escudo reestablished

The Macanese pataca was once again pegged to the Portuguese escudo, ending the gold standard era.

15/12/1953: Yen is introduced

The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.

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.