Historic Macanese pataca Malagasy Ariary

Macanese pataca malagasy ariary history for February 2024. The highest quote for this month is 575.3 (08/02/2024) and the lowest 571.89 (14/02/2024). The difference between high and low is 0.59.

MOP MGA average rate for February 2024 is 570.13111, the change between 01/02/2024 and 29/02/2024 is +0.68 %.

01 February 20241 MOP = 572.9 MGA
02 February 20241 MOP = 572.6 MGA
03 February 20241 MOP = 562.7 MGA
04 February 20241 MOP = 562.7 MGA
05 February 20241 MOP = 568.5 MGA
06 February 20241 MOP = 569.7 MGA
07 February 20241 MOP = 571.9 MGA
08 February 20241 MOP = 575.5 MGA
09 February 20241 MOP = 571.5 MGA
12 February 20241 MOP = 570.7 MGA
13 February 20241 MOP = 574.4 MGA
14 February 20241 MOP = 575.2 MGA
15 February 20241 MOP = 574.6 MGA
16 February 20241 MOP = 574.3 MGA
17 February 20241 MOP = 563.2 MGA
18 February 20241 MOP = 563.3 MGA
19 February 20241 MOP = 571.6 MGA
20 February 20241 MOP = 570.5 MGA
21 February 20241 MOP = 573.8 MGA
22 February 20241 MOP = 573.4 MGA
23 February 20241 MOP = 570.2 MGA
24 February 20241 MOP = 563.1 MGA
25 February 20241 MOP = 563.1 MGA
26 February 20241 MOP = 570.3 MGA
27 February 20241 MOP = 573.2 MGA
28 February 20241 MOP = 571.6 MGA
29 February 20241 MOP = 569.0 MGA

01/01/2023: Planned Fourth Redenomination of Ariary

Madagascar announces plans for the fourth redenomination of the Ariary, aiming to simplify the currency system further.

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.

01/01/2017: Third Redenomination of Ariary

The Malagasy Ariary experiences its third redenomination, resulting in the currency being divided by 5, making 1 new Ariary equal to 5 old Ariary.

01/08/2003: Second Redenomination of Ariary

The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.

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.

16/12/1993: First Redenomination of Ariary

The Malagasy Ariary undergoes its first redenomination, replacing the currency at a ratio of 1 new Ariary to 5 old Ariary.

01/01/1983: Introduction of Malagasy Ariary

The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.

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.

26/06/1975: Independence of Madagascar

Madagascar declares independence from French colonial rule, leading to changes in the national 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.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.

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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