Historic Tongan paʻanga Macanese pataca

Tongan paʻanga macanese pataca history for February 2024. The highest quote for this month is 3.4447 (17/02/2024) and the lowest 3.4446 (17/02/2024). The difference between high and low is 0.

TOP MOP average rate for February 2024 is 3.37123, the change between 01/02/2024 and 29/02/2024 is -0.47 %.

01 February 20241 TOP = 3.327 MOP
02 February 20241 TOP = 3.347 MOP
03 February 20241 TOP = 3.427 MOP
04 February 20241 TOP = 3.427 MOP
05 February 20241 TOP = 3.363 MOP
06 February 20241 TOP = 3.329 MOP
07 February 20241 TOP = 3.312 MOP
08 February 20241 TOP = 3.335 MOP
09 February 20241 TOP = 3.392 MOP
12 February 20241 TOP = 3.364 MOP
13 February 20241 TOP = 3.369 MOP
14 February 20241 TOP = 3.352 MOP
15 February 20241 TOP = 3.356 MOP
16 February 20241 TOP = 3.363 MOP
17 February 20241 TOP = 3.445 MOP
18 February 20241 TOP = 3.444 MOP
19 February 20241 TOP = 3.366 MOP
20 February 20241 TOP = 3.387 MOP
21 February 20241 TOP = 3.372 MOP
22 February 20241 TOP = 3.351 MOP
23 February 20241 TOP = 3.355 MOP
24 February 20241 TOP = 3.433 MOP
25 February 20241 TOP = 3.433 MOP
26 February 20241 TOP = 3.336 MOP
27 February 20241 TOP = 3.322 MOP
28 February 20241 TOP = 3.375 MOP
29 February 20241 TOP = 3.343 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.
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