Historic Macanese pataca Malaysian ringgit

Macanese pataca malaysian ringgit history for February 2024. The highest quote for this month is 0.60994 (21/02/2024) and the lowest 0.60934 (21/02/2024). The difference between high and low is 0.1.

MOP MYR average rate for February 2024 is 0.60152, the change between 01/02/2024 and 29/02/2024 is -0.77 %.

01 February 20241 MOP = 0.6018 MYR
02 February 20241 MOP = 0.6006 MYR
03 February 20241 MOP = 0.5855 MYR
04 February 20241 MOP = 0.5854 MYR
05 February 20241 MOP = 0.5937 MYR
06 February 20241 MOP = 0.6025 MYR
07 February 20241 MOP = 0.6047 MYR
08 February 20241 MOP = 0.6046 MYR
09 February 20241 MOP = 0.6055 MYR
10 February 20241 MOP = 0.5907 MYR
12 February 20241 MOP = 0.6058 MYR
13 February 20241 MOP = 0.6053 MYR
14 February 20241 MOP = 0.6056 MYR
15 February 20241 MOP = 0.6080 MYR
16 February 20241 MOP = 0.6075 MYR
17 February 20241 MOP = 0.5930 MYR
18 February 20241 MOP = 0.5931 MYR
19 February 20241 MOP = 0.6069 MYR
20 February 20241 MOP = 0.6080 MYR
21 February 20241 MOP = 0.6094 MYR
22 February 20241 MOP = 0.6089 MYR
23 February 20241 MOP = 0.6064 MYR
24 February 20241 MOP = 0.5926 MYR
25 February 20241 MOP = 0.5925 MYR
26 February 20241 MOP = 0.6067 MYR
27 February 20241 MOP = 0.6067 MYR
28 February 20241 MOP = 0.6046 MYR
29 February 20241 MOP = 0.6064 MYR

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

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.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

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.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

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.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo 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.

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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