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.

Danish Krone

Danish Krone

The krone (Danish pronunciation: [ˈkʁoːnə]; plural: kroner; sign: kr.; code: DKK) is the official currency of Denmark, Greenland and the Faroe Islands, introduced on 1 January 1875. Both the ISO code "DKK" and currency sign "kr." are in common use; the former precedes the value, the latter in some contexts follows it. The currency is sometimes referred to as the Danish crown in English, since krone literally means crown. Historically, krone coins have been minted in Denmark since the 17th century. One krone is subdivided into 100 øre (Danish pronunciation: [ˈøːɐ]; singular and plural), the name øre possibly deriving from Latin aureus meaning "gold coin". Altogether there are eleven denominations of the krone, with the smallest being the 50 øre coin, which is valued at one half of a krone. Formerly there were more øre coins, but those were discontinued due to inflation. The krone is pegged to the euro via the ERM II, the European Union's exchange rate mechanism. Adoption of the euro is favoured by some of the major political parties, however a 2000 referendum on joining the Eurozone was defeated with 53.2% voting to maintain the krone and 46.8% voting to join the Eurozone.

1 Macau Pataca to Danish Krone exchange rates chart

1 MOP to DKK exchange rates graph
1 MOP to DKK 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.

1 MOP to DKK exchange rates table

Exchange MOP to DKK
1 Macau Pataca = 0.804 Danish Krone
2 Macau Pataca = 1.608 Danish Krone
5 Macau Pataca = 4.020 Danish Krone
10 Macau Pataca = 8.040 Danish Krone
Exchange Macau Pataca to Danish Krone
1 Macau Pataca to Danish Krone 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.

1 MOP to DKK exchange rates news

Macau | Loans to private sector reach MOP997.5 bln in November

MNA, MNA Economy, MNA Macau | The money supply to Macau in November has increased 1.5 pct month-on-month to MOP633 bln with total loans to the private sector having increased 0.3 per cent to MOP997.5 billion

12 days indicative negative
Macau | November foreign exchange reserves rise by 0.3 pct m-on-m

MNA, MNA Economy, MNA Macau, MNA Others | The Monetary Authority of Macau announced that the preliminary estimate of the city's foreign exchange reserves rose by 0.3 per cent in November to MOP158.9 billion

about 1 month indicative positive
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.

about 2 months 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

about 2 months 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

about 2 months conditional neutral

1 MOP to DKK currency converter