Macanese pataca united states dollar history for July 2023. The highest quote for this month is 0.12728 (31/07/2023) and the lowest 0.12771 (31/07/2023). The difference between high and low is -0.34.
MOP USD average rate for July 2023 is 0.12729, the change between 01/07/2023 and 31/07/2023 is -0.84 %.
| 05 July 2023 | 1 MOP = 0.1268 USD |
| 25 July 2023 | 1 MOP = 0.1272 USD |
| 31 July 2023 | 1 MOP = 0.1279 USD |
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.
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.
20/10/1977: Internationalization of the pataca
Macau allowed the international use and exchange of the Macanese pataca, strengthening its role as a stable and convertible currency.
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.