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.

10 Macau Pataca to British Pound exchange rates chart

10 MOP to GBP exchange rates graph
10 MOP to GBP Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

10 MOP to GBP exchange rates table

Exchange MOP to GBP
10 Macau Pataca = 0.949 British Pound
20 Macau Pataca = 1.899 British Pound
50 Macau Pataca = 4.746 British Pound
100 Macau Pataca = 9.493 British Pound
Exchange Macau Pataca to British Pound
10 Macau Pataca to British Pound Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

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 = 0.954 British Pound
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 = 0.958 British Pound
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

Pound-to-Euro Exchange Rate: Sterling Slips From €1.14 But Sees Modest Weekly Gain Amid Brexit Deal Hopes

Doubts over the likelihood of a Monday Brexit agreement left the pound on the back foot vs the euro

conditional negative
Pound To Australian Dollar Exchange Rate: GBP/AUD Slips But Remains Close To 2018 Best Level (1.86)

Pound sterling surges against the Australian Dollar as markets go risk-off - GBP/AUD exchange rate forecast

imperative positive
Macau | This is My City 2018 festival with largest artist line-up ever, expands to Brazil
Macau | This is My City 2018 festival with largest artist line-up ever, expands to Brazil

MNA, MNA Macau, MNA Others | This year's edition of the This is My City music and cultural festival will include its largest artist line-up ever and will for the first time expand outside the Pearl River Delta region, taking Chinese musicians to one of the largest music industry events in Latin America in São Paulo, Brazil

conditional positive
CGD com lucros de 369 milhões até Setembro
CGD com lucros de 369 milhões até Setembro

Ao contrário dos prejuízos dos primeiros nove meses de 2017, a Caixa Geral de Depósitos apresentou lucros até Setembro deste ano. A quebra dos custos ajudou.

indicative neutral
Macau regista crescimento de 22% nas importaушes de paьses lusзfonos

Macau importou atж setembro mercadorias dos paьses lusзfonos no valor de 582 milhшes de patacas (63,26 milhшes de euros), um crescimento de 22% em ...

indicative neutral
Asia stocks tumble after US rout; Tokyo down 3%

SYDNEY (BLOOMBERG) - Asian stocks tumbled at the open on Tuesday (Nov 13), with Japanese benchmarks sliding more than 3 per cent, following a tech-led slump on Wall Street overnight thanks to a deteriorating outlook for iPhone sales.. Read more at straitstimes.com.

indicative positive
Currency traders betting on a Brexit deal are having a rough time
Currency traders betting on a Brexit deal are having a rough time

A buoyant U.S. dollar, helped by uncertainties in the eurozone, is weighing on the British pound and making this Monday a painful start to the week for traders who believe a Brexit deal, which would likely give sterling a massive boost, could be near.

conditional negative
Great British pound slides in value amid renewed Brexit worries
Great British pound slides in value amid renewed Brexit worries

The Great British pound has slid in value against the US dollar amid renewed worries surrounding the ongoing issue of Brexit.

conditional neutral
British Pound Jumps As Barnier Says Brexit Treaty Text "Almost Ready"

Reporting to EU27 Ministers today after late night talks, Michel Barnier, the EU’s Chief Negotiator says “the parameters of a possible agreement are very largely defined”

conditional neutral

10 MOP to GBP currency converter