Macau Pataca

Macau Pataca

The Macau pataca or Macanese pataca (Chinese: 澳門圓; Jyutping: ou3 mun4 jyun4; Portuguese: Pataca de Macau; sign: MOP$; code: MOP) is the currency of Macau. It is subdivided into 100 avos (仙; sin), with 10 avos called ho (毫) in Cantonese. The abbreviation MOP$ is commonly used. Macau has a currency board system under which the legal tender, Macau pataca, is 100 percent backed by foreign exchange reserves, in this case currently the Hong Kong dollar. Moreover, the currency board, Monetary Authority of Macau (AMCM), has a statutory obligation to issue and redeem Macau pataca on demand against the Hong Kong dollar at a fixed exchange rate of HK$1 = MOP$1.03, and without limit.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

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 10 MOP to GBP exchange rate in Macau - 10 Macau Pataca to British Pound

Best MOP/GBP rate at Banco Tai Fung in Macau

10 MOP to GBP exchange rates at Banco Tai Fung in Macau
10 Macau Pataca = 0.972 British Pound
Exchange MOP at Banco Tai Fung to GBP in Macau
10 Macau Pataca = 0.972 British Pound
20 Macau Pataca = 1.945 British Pound
50 Macau Pataca = 4.862 British Pound
100 Macau Pataca = 9.723 British Pound
Exchange Macau Pataca at Banco Tai Fung to British Pound in Macau
Banco Tai Fung
Banco Tai Fung

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...

Best MOP/GBP rate at BCM Bank in Macau

10 MOP to GBP exchange rates at BCM Bank in Macau
10 Macau Pataca = 0.971 British Pound
Exchange MOP at BCM Bank to GBP in Macau
10 Macau Pataca = 0.971 British Pound
20 Macau Pataca = 1.943 British Pound
50 Macau Pataca = 4.857 British Pound
100 Macau Pataca = 9.714 British Pound
Exchange Macau Pataca at BCM Bank to British Pound in Macau
BCM Bank
BCM Bank

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...

10 MOP to GBP exchange rates news

Macau's best casinos

Macau's casinos are bouncing back. A couple of mega casinos have opened recently and more are in the works. Here are some of the best.

indicative positive
Macau | Forex reserves increased in January 2018

MNA Economy, MNA Macau | Macau foreign exchange reserves were up 0.6 per cent month-to-month in January

indicative neutral
Macau | Monetary Authority raises interest rate to 2.25 pct

MNA, MNA Economy, MNA Macau | The Monetary Authority of Macao has raised the interest rate by 25 points to 2.25 per cent on Thursday

conditional neutral
Strategic Pound-to-Dollar Week-Ahead Outlook: Will GBP Weaken Vs USD Without A Brexit Breakthrough?

Despite a lack of major UK developments last week, the British Pound to US Dollar (GBP/USD) exchange rate continued to slump throughout the week on Brexit fears

imperative positive
GBP/JPY: British Pound jumps to 144.760 following the Brexit deal with EU; resistance ahead at 145.085

GBP/JPY: British Pound jumps to 144.760 following the Brexit deal with EU; resistance ahead at 145.085

conditional negative
Brace yourself for major Brexit-induced pound volatility

The UK pound is set for a period of major Brexit-induced volatility as prime minister Theresa May tries to convince her cabinet members and other members of parliament to back her draft Brexit deal with the European Union.

conditional neutral
Aussie dollar falls against pound, amid draft Brexit deal

The Australian dollar falls sharply after the UK and EU agree on draft text for a post-Brexit economic relationship. The ASX 200 is expected to fall at the open, after a weak session on European markets.

conditional negative

Macau news

Macau | Legislator Lam Lon Wai questions if security cameras can include Smart City functions

MNA, MNA Macau, MNA Others, MNA Politics | Legislator Lam Lon Wai sent a written enquiry questioning if the installation of 'Eye in the Sky' (天眼) security cameras can be integrated with plans to include smart street lamps

conditional negative
Film Festival | Nicholas Cage would consider working with Macau director

MNA, MNA Macau, MNA Others, MNA Society | Veteran actor Nicholas Cage told media at a press conference held during the International Film Festival and Awards Macao that he would be interested in making a local movie with a Macau-based director

conditional positive
Cebu-Macau flights begin
Cebu-Macau flights begin

Manila Standard | Defining The News

indicative positive
Discretionary dilemma

Macau, MB, Politics | While the proposed public procurement rules could help enhance the transparency of often criticised procedures, pundits believe there is still much more the government should do

conditional positive
European stock markets rebound at end of painful week
European stock markets rebound at end of painful week

MNA, MNA Economy | European stock markets recovered slightly on Friday, the end of an extremely volatile week, as investors weighed the outlook for China-US trade talks and oil production, while looking ahead to the release of key US jobs data

conditional neutral
Macau | Jorge Neto Valente re-elected in uncontested election with 242 votes

MNA, MNA Macau, MNA Others, MNA Politics | The president of the Macau Lawyer's Association, Jorge Neto Valente, was re-elected to his position for another two years

conditional positive
Macau | Gov't initiates public survey on environmental impact of tunnel between Zone A and B

MNA, MNA Macau | The Macau government will collect opinions from residents and associations on the possible environmental impact of the construction of the underwater tunnel between the reclaimed New Areas Zone A and B

conditional neutral
More than half of global population now online: UN
More than half of global population now online: UN

MNA, MNA Society | Some 3.9 billion people are now using the Internet, meaning that for the first time more than half of the global population is online, the United Nations said Friday

conditional positive
What's On in Macau: December 2018

Five awesome events you need to check out this month in Macau!

conditional neutral

10 MOP to GBP currency converter in Macau