Historic Macanese pataca Kuwaiti Dinar

Macanese pataca kuwaiti dinar history for February 2024. The highest quote for this month is 0.039183 (15/02/2024) and the lowest 0.039218 (02/02/2024). The difference between high and low is -0.09.

MOP KWD average rate for February 2024 is 0.03885, the change between 01/02/2024 and 29/02/2024 is +0.02 %.

01 February 20241 MOP = 0.0391 KWD
02 February 20241 MOP = 0.0390 KWD
03 February 20241 MOP = 0.0381 KWD
04 February 20241 MOP = 0.0381 KWD
05 February 20241 MOP = 0.0387 KWD
06 February 20241 MOP = 0.0390 KWD
07 February 20241 MOP = 0.0390 KWD
08 February 20241 MOP = 0.0391 KWD
09 February 20241 MOP = 0.0391 KWD
12 February 20241 MOP = 0.0391 KWD
13 February 20241 MOP = 0.0391 KWD
14 February 20241 MOP = 0.0391 KWD
15 February 20241 MOP = 0.0391 KWD
16 February 20241 MOP = 0.0391 KWD
17 February 20241 MOP = 0.0382 KWD
18 February 20241 MOP = 0.0382 KWD
19 February 20241 MOP = 0.0391 KWD
20 February 20241 MOP = 0.0391 KWD
21 February 20241 MOP = 0.0390 KWD
22 February 20241 MOP = 0.0390 KWD
23 February 20241 MOP = 0.0390 KWD
24 February 20241 MOP = 0.0382 KWD
25 February 20241 MOP = 0.0382 KWD
26 February 20241 MOP = 0.0391 KWD
27 February 20241 MOP = 0.0390 KWD
28 February 20241 MOP = 0.0390 KWD
29 February 20241 MOP = 0.0391 KWD

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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti 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.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti 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.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

08/06/1967: Link with Portuguese escudo reestablished

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

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

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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