Historic Macanese pataca Arab Emirates Dirham

Macanese pataca arab emirates dirham history for February 2024. The highest quote for this month is 0.46699 (15/02/2024) and the lowest 0.46934 (02/02/2024). The difference between high and low is -0.5.

MOP AED average rate for February 2024 is 0.46381, the change between 01/02/2024 and 29/02/2024 is +0.07 %.

01 February 20241 MOP = 0.4675 AED
02 February 20241 MOP = 0.4667 AED
03 February 20241 MOP = 0.4560 AED
04 February 20241 MOP = 0.4559 AED
05 February 20241 MOP = 0.4624 AED
06 February 20241 MOP = 0.4660 AED
07 February 20241 MOP = 0.4662 AED
08 February 20241 MOP = 0.4665 AED
09 February 20241 MOP = 0.4663 AED
11 February 20241 MOP = 0.4560 AED
12 February 20241 MOP = 0.4672 AED
13 February 20241 MOP = 0.4667 AED
14 February 20241 MOP = 0.4667 AED
15 February 20241 MOP = 0.4668 AED
16 February 20241 MOP = 0.4669 AED
17 February 20241 MOP = 0.4559 AED
18 February 20241 MOP = 0.4559 AED
19 February 20241 MOP = 0.4665 AED
20 February 20241 MOP = 0.4666 AED
21 February 20241 MOP = 0.4666 AED
22 February 20241 MOP = 0.4665 AED
23 February 20241 MOP = 0.4665 AED
24 February 20241 MOP = 0.4558 AED
25 February 20241 MOP = 0.4557 AED
26 February 20241 MOP = 0.4669 AED
27 February 20241 MOP = 0.4665 AED
28 February 20241 MOP = 0.4664 AED
29 February 20241 MOP = 0.4672 AED

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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

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.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official 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.

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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