Historic Mexican peso Macanese pataca

Mexican peso macanese pataca history for November 2023. The highest quote for this month is 0.46898 (26/11/2023) and the lowest 0.46931 (26/11/2023). The difference between high and low is -0.07.

MXN MOP average rate for November 2023 is 0.45322, the change between 01/11/2023 and 30/11/2023 is -4.2 %.

01 November 20231 MXN = 0.4360 MOP
02 November 20231 MXN = 0.4427 MOP
03 November 20231 MXN = 0.4484 MOP
06 November 20231 MXN = 0.4470 MOP
07 November 20231 MXN = 0.4490 MOP
08 November 20231 MXN = 0.4500 MOP
09 November 20231 MXN = 0.4490 MOP
10 November 20231 MXN = 0.4416 MOP
12 November 20231 MXN = 0.4563 MOP
13 November 20231 MXN = 0.4433 MOP
14 November 20231 MXN = 0.4467 MOP
15 November 20231 MXN = 0.4532 MOP
16 November 20231 MXN = 0.4546 MOP
17 November 20231 MXN = 0.4561 MOP
18 November 20231 MXN = 0.4667 MOP
19 November 20231 MXN = 0.4667 MOP
20 November 20231 MXN = 0.4536 MOP
21 November 20231 MXN = 0.4583 MOP
22 November 20231 MXN = 0.4563 MOP
23 November 20231 MXN = 0.4560 MOP
24 November 20231 MXN = 0.4570 MOP
26 November 20231 MXN = 0.4690 MOP
27 November 20231 MXN = 0.4569 MOP
28 November 20231 MXN = 0.4571 MOP
29 November 20231 MXN = 0.4581 MOP
30 November 20231 MXN = 0.4544 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.