Macanese pataca tongan paʻanga exchange rate history (MOP TOP) January 2024

Macanese pataca tongan paʻanga history for January 2024. The highest quote for this month is 0.30032 (23/01/2024) and the lowest 0.29813 (30/01/2024). The difference between high and low is 0.73.

MOP TOP average rate for January 2024 is 0.29562, the change between 01/01/2024 and 31/01/2024 is -2.3 %.

01 January 2024	1 MOP = 0.2921 TOP
02 January 2024	1 MOP = 0.2919 TOP
03 January 2024	1 MOP = 0.2937 TOP
04 January 2024	1 MOP = 0.2947 TOP
05 January 2024	1 MOP = 0.2951 TOP
06 January 2024	1 MOP = 0.2882 TOP
07 January 2024	1 MOP = 0.2892 TOP
08 January 2024	1 MOP = 0.2964 TOP
09 January 2024	1 MOP = 0.2980 TOP
10 January 2024	1 MOP = 0.2990 TOP
11 January 2024	1 MOP = 0.2994 TOP
12 January 2024	1 MOP = 0.2948 TOP
14 January 2024	1 MOP = 0.2881 TOP
15 January 2024	1 MOP = 0.2965 TOP
16 January 2024	1 MOP = 0.2953 TOP
17 January 2024	1 MOP = 0.2958 TOP
18 January 2024	1 MOP = 0.2983 TOP
19 January 2024	1 MOP = 0.2990 TOP
22 January 2024	1 MOP = 0.2969 TOP
23 January 2024	1 MOP = 0.2972 TOP
24 January 2024	1 MOP = 0.2973 TOP
25 January 2024	1 MOP = 0.2975 TOP
26 January 2024	1 MOP = 0.2983 TOP
28 January 2024	1 MOP = 0.2918 TOP
29 January 2024	1 MOP = 0.2983 TOP
30 January 2024	1 MOP = 0.3003 TOP
31 January 2024	1 MOP = 0.2988 TOP

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

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.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

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.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

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.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its 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.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.

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 Tongan paʻanga