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.

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

8 Macau Pataca to US Dollar exchange rates chart

8 MOP to USD exchange rates graph
8 MOP to USD 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.

8 MOP to USD exchange rates table

Exchange MOP to USD
8 Macau Pataca = 0.992 US Dollar
16 Macau Pataca = 1.984 US Dollar
40 Macau Pataca = 4.961 US Dollar
80 Macau Pataca = 9.922 US Dollar
Exchange Macau Pataca to US Dollar
8 Macau Pataca to US Dollar 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/USD rate at Banco Tai Fung in Macau

8 MOP to USD exchange rates at Banco Tai Fung in Macau
8 Macau Pataca = 0.990 US Dollar
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/USD rate at BCM Bank in Macau

8 MOP to USD exchange rates at BCM Bank in Macau
8 Macau Pataca = 0.990 US Dollar
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...

8 MOP to USD 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
There's something behind this market sell-off that no one is talking about: The strong dollar

Stocks investors are spooked about a lot of things, and the strong dollar biting into earnings growth is now one of them.

indicative neutral
The Dollar Keeps Getting Stronger. Here’s What That Means for You.

On Monday, the US dollar reached its highest level in a year and a half, as measured against a weighted basket of foreign currencies. You can now buy a Euro for just $1.12, and a British Pound for $1.29. What does that mean for Americans?

conditional positive
Rupee drops 39 paise against US dollar as crude oil rebounds - Times of India

India Business News: Cutting short the 10-day selling trend, crude oil prices rose by around 1% to touch $71 per barrel mark after the world's largest oil exporter Saudi A

indicative negative
Rupee recovers 22 paise to 72.67 against US dollar

Positive macro data which showed retail inflation dropping to a 13-month low in October also bolstered the market sentiment.

indicative negative

8 MOP to USD currency converter