Macau overview

Macau or Macao (Chinese: 澳門, Cantonese: [ōu.mǔːn]; Portuguese: Macau, /məˈkaʊ/ (About this sound listen)), officially the Macao Special Administrative Region of the People's Republic of China, is an autonomous territory on the western side of the Pearl River estuary in East Asia. Along with Hong Kong, Guangzhou, Shenzhen, Zhuhai, and several other major cities in Guangdong, the territory forms a core part of the Pearl River Delta metropolitan region, the most populated area in the world. With a population of 650,900[3] in an area of 30.5 km2 (11.8 sq mi), it is the most densely populated region in the world.

Macau was formerly a colony of the Portuguese Empire, after Ming China leased the territory as a trading post in 1557. Originally governing under Chinese authority and sovereignty, Portugal was given perpetual occupation rights for Macau in 1887. Macau remained under Portuguese control until 1999, when it was returned to China. As a special administrative region, Macau maintains a separate political and economic system apart from mainland China.[5] The People's Republic of China's obligation to run Macau as a special administrative region per the Joint Declaration on the Question of Macau expires on 20 December 2049.

Macau is the gambling capital of the world.[6][7][8] Its economy is heavily dependent on gambling and tourism, with the largest gambling revenue since 2006.[9] It has a very high Human Development Index and the fourth-highest life expectancy in the world.[10][11] Macau is among the world's richest regions and its GDP per capita by purchasing power parity was higher than that of any country in the world.[12] In 2015, Macau was ranked as the No.1 of the Fastest Growing Metropolitan Areas in the world by Brookings Institution.[13]

Best MOP exchange rates at Banco Tai Fung in Macau

Exchange MOP Banco Tai Fung Buy Banco Tai Fung Sell
Hong Kong Dollar 1.030 1.031
Chinese Yuan Renminbi 1.163 1.182
Australian Dollar 5.814 5.838
Canadian Dollar 6.019 6.041
Japanese Yen 0.071 0.071
New Zealand Dollar 5.521 5.545
Swiss Franc 8.087 8.118
British Pound 10.144 10.179
US Dollar 8.037 8.059
Euro 9.139 9.172
Banco Tai Fung
Banco Tai Fung
Macau

Tai Fung Bank Limited ,formerly Tai Fung Money Changer , was founded in 1942 by Mr. Ho Yin and several business magnates from Macau and Hong Kong. In 1969, Tai Fung Money Changer was registered as “Tai Fung Money Changer Limited”. Tai Fung Money Changer Limited was the first financial institution that applied to incorporated as a bank under the Macau’s Decree-Law of Banking in 1971. On 20 January , 1972, it was officially approved and became the first local bank in Macau to operate under...

Banco Tai Fung Buy rate – this is the rate at which Banco Tai Fung buy foreign currency back from travellers to exchange into local currency. For example, if you were returning from America, we would exchange your dollars back into euros at the buy rate.

Banco Tai Fung Sell rate – this is the rate at which Banco Tai Fung sell foreign currency in exchange for local currency. For example, if you were heading to Canada, you would exchange your currency for Canadian dollars at the sell rate.

Best MOP exchange rates at BCM Bank in Macau

Exchange MOP BCM Bank Buy BCM Bank Sell
US Dollar 8.038 8.060
Euro 9.132 9.171
British Pound 10.137 10.180
Japanese Yen 0.071 0.071
Canadian Dollar 6.015 6.041
Australian Dollar 5.815 5.837
New Zealand Dollar 5.519 5.543
Swiss Franc 8.084 8.118
Hong Kong Dollar 1.030 1.031
BCM Bank
BCM Bank
Macau

BCM Bank Your Best Partner in the new century! BCM bank is one of the leading banks incorporated in Macau. Since its establishment in 1974, BCM bank has been serving its local customers and working for the development of the Territory’s economy by supporting its main infrastructural investment projects and being traditionally involved in the trade finance. BCM bank provides a wide variety of high quality financial products and services, ranging from deposits and loans to insurance through its...

BCM Bank Buy rate – this is the rate at which BCM Bank buy foreign currency back from travellers to exchange into local currency. For example, if you were returning from America, we would exchange your dollars back into euros at the buy rate.

BCM Bank Sell rate – this is the rate at which BCM Bank sell foreign currency in exchange for local currency. For example, if you were heading to Canada, you would exchange your currency for Canadian dollars at the sell rate.

Best MOP exchange rates at BNU in Macau

Exchange MOP BNU Buy BNU Sell
Macau Pataca
Hong Kong Dollar 1.028 1.032
Australian Dollar 5.708 5.847
Japanese Yen 0.070 0.071
Chinese Yuan Renminbi 1.129 1.184
South Korean Won 0.006 0.007
Malaysian Ringgit 1.792 2.028
New Zealand Dollar 5.421 5.559
Philippine Peso 0.138 0.149
Singapore Dollar 5.754 5.894
Thai Baht 0.228 0.252
Taiwan New Dollar 0.255 0.273
BNU
BNU
Macau

History BNU was the first commercial bank in Macau in the early 20th century. The bank was entrusted with the important mission of creating and issuing the territory's own currency and contributed successfully and decisively to the creation and development of the local banking and monetary system. Nowadays, BNU retains its status as one of the issuing banks for the Government of the Macau Special Administrative Region. For more than a century, BNU has supported local business activities. The...

BNU Buy rate – this is the rate at which BNU buy foreign currency back from travellers to exchange into local currency. For example, if you were returning from America, we would exchange your dollars back into euros at the buy rate.

BNU Sell rate – this is the rate at which BNU sell foreign currency in exchange for local currency. For example, if you were heading to Canada, you would exchange your currency for Canadian dollars at the sell rate.

Macau news

Virgin Galactic advances space tourism with successful test
Virgin Galactic advances space tourism with successful test

MNA | A Virgin Galactic rocket plane reached space on Thursday and returned safely to the California desert, capping off years of difficult testing to become the first U.S. commercial human flight to reach space since America’s shuttle program ended in 2011.

conditional neutral
Indian, Chinese troops share dance year after standoff
Indian, Chinese troops share dance year after standoff

MNA | Indian and Chinese soldiers looked to have hit it off in their first joint exercises since a dangerous standoff last year, with videos released by the Indian military showing them dancing and playing football.

indicative neutral
MBtv: Chinese fishing deal makes waves for Madagascar's fishermen
MBtv: Chinese fishing deal makes waves for Madagascar's fishermen

MB.tv, MNA | In Anakao, a traditional fishing community in southwest Madagascar, the community known as Vezo -- meaning -- "rowing strength" -- have fished for generations. But the arrival last year of six Chinese fishing trawlers off the coast has complicated their livelihood.

indicative negative
Macau | Lionsgate Entertainment World promises immersive experiences during the launch of the first phase

MNA, MNA Opinion, MNA Others, MNA Society | Rick Zeng, the Director of Sales and Marketing of Lionsgate Entertainment World, told media at a press event that immersive experiences using a range of technologies, including virtual reality, will be featured in Lionsgates' first large-scale indoor interactive entertainment centre

conditional positive
Macau | Top court uphelds gov't reclamations in Taipa and Seac Pai Van

MNA, MNA Macau, MNA Politics | The Court of Final Appeal upheld the Macau government decision to reclaim one 2,170 square meters land plot in Pac On and 3,375 square meters land plot held in Seac Pai Van

subjunctive negative
Macau | Gov't to hand out 1,700 extra licenses for driving in Hengqin

MNA, MNA Macau, MNA Others, MNA Society | Macau and Zhuhai authorities will initiate another application round to provide 1,700 licenses for Macau registered vehicles to drive in Hengqin, bringing the total number of authorised vehicles to 2,500

conditional neutral
Koreas verify removal of frontline bunkers
Koreas verify removal of frontline bunkers

MNA | Soldiers from North and South Korea are set to verify the dismantlement of guard posts in the demilitarised zone Wednesday, Seoul said, after crossing into each other's territory peacefully for the first time

conditional positive
'We thought it was a joke': Strasbourg stunned by attack

MNA | Armed police patrolled the streets and manned checkpoints; shops and restaurants stayed shuttered, and residents laid tributes as Strasbourg recoiled on Wednesday from the deadly shooting at a Christmas market.

conditional negative

Macau currency converter