Historic Macanese pataca Arab Emirates Dirham

Macanese pataca arab emirates dirham history for January 2024. The highest quote for this month is 0.46756 (08/01/2024) and the lowest 0.4684 (08/01/2024). The difference between high and low is -0.18.

MOP AED average rate for January 2024 is 0.46485, the change between 01/01/2024 and 31/01/2024 is -0.19 %.

01 January 20241 MOP = 0.4660 AED
02 January 20241 MOP = 0.4655 AED
03 January 20241 MOP = 0.4667 AED
04 January 20241 MOP = 0.4676 AED
05 January 20241 MOP = 0.4672 AED
06 January 20241 MOP = 0.4565 AED
07 January 20241 MOP = 0.4564 AED
08 January 20241 MOP = 0.4683 AED
09 January 20241 MOP = 0.4675 AED
10 January 20241 MOP = 0.4669 AED
11 January 20241 MOP = 0.4664 AED
12 January 20241 MOP = 0.4665 AED
14 January 20241 MOP = 0.4559 AED
15 January 20241 MOP = 0.4670 AED
16 January 20241 MOP = 0.4669 AED
17 January 20241 MOP = 0.4655 AED
18 January 20241 MOP = 0.4663 AED
19 January 20241 MOP = 0.4664 AED
21 January 20241 MOP = 0.4561 AED
22 January 20241 MOP = 0.4669 AED
23 January 20241 MOP = 0.4667 AED
24 January 20241 MOP = 0.4667 AED
25 January 20241 MOP = 0.4666 AED
26 January 20241 MOP = 0.4666 AED
28 January 20241 MOP = 0.4563 AED
29 January 20241 MOP = 0.4665 AED
30 January 20241 MOP = 0.4673 AED
31 January 20241 MOP = 0.4669 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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