Historic Mexican peso Macanese pataca

Mexican peso macanese pataca history for December 2023. The highest quote for this month is 0.4741 (31/12/2023) and the lowest 0.47544 (23/12/2023). The difference between high and low is -0.28.

MXN MOP average rate for December 2023 is 0.46102, the change between 01/12/2023 and 31/12/2023 is -4.79 %.

01 December 20231 MXN = 0.4525 MOP
02 December 20231 MXN = 0.4688 MOP
03 December 20231 MXN = 0.4688 MOP
04 December 20231 MXN = 0.4579 MOP
05 December 20231 MXN = 0.4510 MOP
06 December 20231 MXN = 0.4532 MOP
07 December 20231 MXN = 0.4548 MOP
08 December 20231 MXN = 0.4503 MOP
10 December 20231 MXN = 0.4641 MOP
11 December 20231 MXN = 0.4540 MOP
12 December 20231 MXN = 0.4526 MOP
13 December 20231 MXN = 0.4542 MOP
14 December 20231 MXN = 0.4556 MOP
15 December 20231 MXN = 0.4571 MOP
16 December 20231 MXN = 0.4673 MOP
17 December 20231 MXN = 0.4662 MOP
18 December 20231 MXN = 0.4587 MOP
19 December 20231 MXN = 0.4574 MOP
20 December 20231 MXN = 0.4598 MOP
21 December 20231 MXN = 0.4586 MOP
22 December 20231 MXN = 0.4616 MOP
23 December 20231 MXN = 0.4743 MOP
24 December 20231 MXN = 0.4735 MOP
25 December 20231 MXN = 0.4639 MOP
26 December 20231 MXN = 0.4639 MOP
27 December 20231 MXN = 0.4643 MOP
28 December 20231 MXN = 0.4648 MOP
29 December 20231 MXN = 0.4667 MOP
31 December 20231 MXN = 0.4741 MOP

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.

20/06/2012: Mexican Peso Becomes the Most Traded Emerging Market Currency

The Mexican peso surpassed the Brazilian real to become the most traded currency among emerging markets, reflecting Mexico's growing economic importance.

01/01/2003: Introduction of the New Peso Symbol

The Mexican peso adopted a new symbol, replacing the old symbol (₱) with a capital 'P' with double horizontal lines (MXN) to symbolize the currency.

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.

20/12/1994: Tequila Crisis

Mexico experienced a severe economic crisis and an abrupt devaluation of the peso as a result of the devaluation of the Thai baht, causing investors to flee emerging markets.

01/01/1993: Implementation of the North American Free Trade Agreement (NAFTA)

NAFTA came into effect, promoting trade and investment between Mexico, the United States, and Canada, leading to increased stability and growth in the Mexican economy.

06/07/1988: Introduction of the New Peso

Due to hyperinflation and currency devaluation, Mexico introduced a new currency, called the New Peso, where 1000 old pesos were replaced by 1 new peso.

12/08/1982: Mexican Debt Crisis

Mexico defaulted on its external debt, leading to a sharp devaluation of the peso and a severe economic crisis, requiring an emergency loan from the International Monetary Fund (IMF).

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.

13/08/1970: Devaluation of the Peso

In response to global inflation, the Mexican government devalued the peso by 20% against the US dollar, leading to economic instability and a decline in purchasing power.

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.