Tongan paʻanga macanese pataca exchange rate history (TOP MOP) December 2023

Tongan paʻanga macanese pataca history for December 2023. The highest quote for this month is 3.4781 (30/12/2023) and the lowest 3.4943 (30/12/2023). The difference between high and low is -0.47.

TOP MOP average rate for December 2023 is 3.38249, the change between 01/12/2023 and 31/12/2023 is -3.49 %.

01 December 2023	1 TOP = 3.376 MOP
02 December 2023	1 TOP = 3.457 MOP
03 December 2023	1 TOP = 3.456 MOP
04 December 2023	1 TOP = 3.380 MOP
05 December 2023	1 TOP = 3.368 MOP
06 December 2023	1 TOP = 3.366 MOP
07 December 2023	1 TOP = 3.329 MOP
08 December 2023	1 TOP = 3.328 MOP
10 December 2023	1 TOP = 3.434 MOP
11 December 2023	1 TOP = 3.323 MOP
12 December 2023	1 TOP = 3.317 MOP
13 December 2023	1 TOP = 3.330 MOP
14 December 2023	1 TOP = 3.344 MOP
15 December 2023	1 TOP = 3.351 MOP
16 December 2023	1 TOP = 3.428 MOP
17 December 2023	1 TOP = 3.428 MOP
18 December 2023	1 TOP = 3.354 MOP
19 December 2023	1 TOP = 3.371 MOP
20 December 2023	1 TOP = 3.315 MOP
21 December 2023	1 TOP = 3.378 MOP
22 December 2023	1 TOP = 3.373 MOP
23 December 2023	1 TOP = 3.452 MOP
24 December 2023	1 TOP = 3.452 MOP
26 December 2023	1 TOP = 3.399 MOP
27 December 2023	1 TOP = 3.342 MOP
28 December 2023	1 TOP = 3.326 MOP
29 December 2023	1 TOP = 3.437 MOP
30 December 2023	1 TOP = 3.494 MOP

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

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.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

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.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

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.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national 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.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.

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 Tongan paʻanga Macanese pataca