South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

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.

1 South African Rand to Macau Pataca exchange rates chart

1 ZAR to MOP exchange rates graph
1 ZAR to MOP 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 ZAR to MOP exchange rates table

Exchange ZAR to MOP
1 South African Rand = 0.588 Macau Pataca
2 South African Rand = 1.177 Macau Pataca
5 South African Rand = 2.941 Macau Pataca
10 South African Rand = 5.883 Macau Pataca
Exchange South African Rand to Macau Pataca
1 South African Rand to Macau Pataca 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 ZAR to MOP exchange rates news

Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

about 2 months conditional positive
South Africa's Rand Falls to 2-Year Low As Turkey Rout Spreads

Magnitude of rand's slide came after three days of heavy losses and caught South African Reserve Bank by surprise, but deputy governor at bank told Reuters that regulator was 'nowhere near' intervening to support currency

about 2 months conditional positive
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

17 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 ZAR to MOP currency converter