Historic Burmese kyat Macanese pataca

Burmese kyat macanese pataca history for February 2024. The highest quote for this month is 0.003849 (24/02/2024) and the lowest 0.003849 (24/02/2024). The difference between high and low is 0.

MMK MOP average rate for February 2024 is 0.0038, the change between 01/02/2024 and 29/02/2024 is -0.11 %.

01 February 20241 MMK = 0.0038 MOP
02 February 20241 MMK = 0.0038 MOP
03 February 20241 MMK = 0.0038 MOP
04 February 20241 MMK = 0.0038 MOP
05 February 20241 MMK = 0.0038 MOP
06 February 20241 MMK = 0.0038 MOP
07 February 20241 MMK = 0.0038 MOP
08 February 20241 MMK = 0.0038 MOP
09 February 20241 MMK = 0.0038 MOP
12 February 20241 MMK = 0.0038 MOP
13 February 20241 MMK = 0.0038 MOP
14 February 20241 MMK = 0.0038 MOP
15 February 20241 MMK = 0.0038 MOP
16 February 20241 MMK = 0.0038 MOP
17 February 20241 MMK = 0.0038 MOP
18 February 20241 MMK = 0.0038 MOP
19 February 20241 MMK = 0.0038 MOP
20 February 20241 MMK = 0.0038 MOP
21 February 20241 MMK = 0.0038 MOP
22 February 20241 MMK = 0.0038 MOP
23 February 20241 MMK = 0.0038 MOP
24 February 20241 MMK = 0.0038 MOP
25 February 20241 MMK = 0.0038 MOP
26 February 20241 MMK = 0.0038 MOP
27 February 20241 MMK = 0.0038 MOP
28 February 20241 MMK = 0.0038 MOP
29 February 20241 MMK = 0.0038 MOP

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

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.

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate based on market forces.

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.

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

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.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.

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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