Macanese pataca malaysian ringgit exchange rate history (MOP MYR) November 2023

Macanese pataca malaysian ringgit history for November 2023. The highest quote for this month is 0.60695 (01/11/2023) and the lowest 0.60617 (02/11/2023). The difference between high and low is 0.13.

MOP MYR average rate for November 2023 is 0.5948, the change between 01/11/2023 and 30/11/2023 is +1.68 %.

01 November 2023	1 MOP = 0.6049 MYR
02 November 2023	1 MOP = 0.6064 MYR
03 November 2023	1 MOP = 0.6043 MYR
06 November 2023	1 MOP = 0.6052 MYR
07 November 2023	1 MOP = 0.5884 MYR
08 November 2023	1 MOP = 0.5894 MYR
09 November 2023	1 MOP = 0.5950 MYR
10 November 2023	1 MOP = 0.5970 MYR
11 November 2023	1 MOP = 0.5851 MYR
12 November 2023	1 MOP = 0.5850 MYR
13 November 2023	1 MOP = 0.5992 MYR
14 November 2023	1 MOP = 0.5986 MYR
15 November 2023	1 MOP = 0.6005 MYR
16 November 2023	1 MOP = 0.5940 MYR
17 November 2023	1 MOP = 0.5944 MYR
18 November 2023	1 MOP = 0.5827 MYR
19 November 2023	1 MOP = 0.5827 MYR
20 November 2023	1 MOP = 0.5979 MYR
21 November 2023	1 MOP = 0.5946 MYR
22 November 2023	1 MOP = 0.5929 MYR
23 November 2023	1 MOP = 0.5963 MYR
24 November 2023	1 MOP = 0.5955 MYR
26 November 2023	1 MOP = 0.5836 MYR
27 November 2023	1 MOP = 0.5990 MYR
28 November 2023	1 MOP = 0.5970 MYR
29 November 2023	1 MOP = 0.5955 MYR
30 November 2023	1 MOP = 0.5948 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.

Historic Macanese pataca Malaysian ringgit