Historic Macanese pataca Malagasy Ariary

Macanese pataca malagasy ariary history for January 2024. The highest quote for this month is 581.93 (05/01/2024) and the lowest 580.07 (01/01/2024). The difference between high and low is 0.32.

MOP MGA average rate for January 2024 is 574.70704, the change between 01/01/2024 and 31/01/2024 is +1.26 %.

01 January 20241 MOP = 580.1 MGA
02 January 20241 MOP = 580.1 MGA
03 January 20241 MOP = 578.9 MGA
04 January 20241 MOP = 580.0 MGA
05 January 20241 MOP = 582.2 MGA
06 January 20241 MOP = 570.4 MGA
07 January 20241 MOP = 570.4 MGA
08 January 20241 MOP = 578.6 MGA
09 January 20241 MOP = 583.1 MGA
10 January 20241 MOP = 575.6 MGA
11 January 20241 MOP = 575.8 MGA
12 January 20241 MOP = 574.4 MGA
14 January 20241 MOP = 567.4 MGA
15 January 20241 MOP = 574.7 MGA
16 January 20241 MOP = 573.4 MGA
17 January 20241 MOP = 572.5 MGA
18 January 20241 MOP = 576.5 MGA
19 January 20241 MOP = 576.0 MGA
22 January 20241 MOP = 573.6 MGA
23 January 20241 MOP = 574.5 MGA
24 January 20241 MOP = 571.9 MGA
25 January 20241 MOP = 574.4 MGA
26 January 20241 MOP = 574.9 MGA
28 January 20241 MOP = 563.2 MGA
29 January 20241 MOP = 569.3 MGA
30 January 20241 MOP = 572.7 MGA
31 January 20241 MOP = 572.8 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.
MOP MGA January 2024
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