Historic Macanese pataca Malaysian ringgit

Macanese pataca malaysian ringgit history for January 2024. The highest quote for this month is 0.60191 (23/01/2024) and the lowest 0.60158 (30/01/2024). The difference between high and low is 0.05.

MOP MYR average rate for January 2024 is 0.59111, the change between 01/01/2024 and 31/01/2024 is -3.1 %.

01 January 20241 MOP = 0.5827 MYR
02 January 20241 MOP = 0.5822 MYR
03 January 20241 MOP = 0.5847 MYR
04 January 20241 MOP = 0.5859 MYR
05 January 20241 MOP = 0.5896 MYR
06 January 20241 MOP = 0.5783 MYR
07 January 20241 MOP = 0.5774 MYR
08 January 20241 MOP = 0.5933 MYR
09 January 20241 MOP = 0.5919 MYR
10 January 20241 MOP = 0.5902 MYR
11 January 20241 MOP = 0.5895 MYR
12 January 20241 MOP = 0.5899 MYR
13 January 20241 MOP = 0.5768 MYR
14 January 20241 MOP = 0.5766 MYR
15 January 20241 MOP = 0.5906 MYR
16 January 20241 MOP = 0.5934 MYR
17 January 20241 MOP = 0.5888 MYR
18 January 20241 MOP = 0.5987 MYR
19 January 20241 MOP = 0.5989 MYR
22 January 20241 MOP = 0.5991 MYR
23 January 20241 MOP = 0.6005 MYR
24 January 20241 MOP = 0.6004 MYR
25 January 20241 MOP = 0.6006 MYR
26 January 20241 MOP = 0.6008 MYR
28 January 20241 MOP = 0.5871 MYR
29 January 20241 MOP = 0.6002 MYR
30 January 20241 MOP = 0.6022 MYR
31 January 20241 MOP = 0.6008 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.
MOP MYR January 2024
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