Malaysian ringgit macanese pataca exchange rate history (MYR MOP) February 2024

Malaysian ringgit macanese pataca history for February 2024. The highest quote for this month is 1.7081 (03/02/2024) and the lowest 1.7083 (04/02/2024). The difference between high and low is -0.01.

MYR MOP average rate for February 2024 is 1.66271, the change between 01/02/2024 and 29/02/2024 is +0.76 %.

01 February 2024	1 MYR = 1.662 MOP
02 February 2024	1 MYR = 1.665 MOP
03 February 2024	1 MYR = 1.708 MOP
04 February 2024	1 MYR = 1.708 MOP
05 February 2024	1 MYR = 1.684 MOP
06 February 2024	1 MYR = 1.660 MOP
07 February 2024	1 MYR = 1.654 MOP
08 February 2024	1 MYR = 1.654 MOP
09 February 2024	1 MYR = 1.652 MOP
10 February 2024	1 MYR = 1.693 MOP
12 February 2024	1 MYR = 1.651 MOP
13 February 2024	1 MYR = 1.652 MOP
14 February 2024	1 MYR = 1.651 MOP
15 February 2024	1 MYR = 1.645 MOP
16 February 2024	1 MYR = 1.646 MOP
17 February 2024	1 MYR = 1.686 MOP
18 February 2024	1 MYR = 1.686 MOP
19 February 2024	1 MYR = 1.648 MOP
20 February 2024	1 MYR = 1.645 MOP
21 February 2024	1 MYR = 1.641 MOP
22 February 2024	1 MYR = 1.642 MOP
23 February 2024	1 MYR = 1.649 MOP
24 February 2024	1 MYR = 1.688 MOP
25 February 2024	1 MYR = 1.688 MOP
26 February 2024	1 MYR = 1.648 MOP
27 February 2024	1 MYR = 1.648 MOP
28 February 2024	1 MYR = 1.654 MOP
29 February 2024	1 MYR = 1.649 MOP

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 Malaysian ringgit Macanese pataca