Macau Pataca

Macau Pataca

Macau Pataca overview

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 MOP to USD exchange rates chart

MOP to  exchange rates chart

Macau Pataca 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

14 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
Foreign Exchange / Money Transfer Week-Ahead: Data Is Light As Markets Gear Up For Thanksgiving And Black Friday

Data is lighter this week, but there are plenty central bank speakers to keep the markets occupied.

2 months conditional neutral
Pound-to-Dollar Outlook: GBP/USD Trends -1.7% Lower As Sterling & UK Shares Hit By Brexit Chaos

Pound-to-Dollar Exchange Rate Plunges Ahead of US Retail Sales

2 months conditional positive
Pound Swiss Franc (GBP/CHF) Exchange Rate Slips As EC Paints Bleak Picture Of UK Growth In 2019

Sterling slides against the Swiss Franc following a gloomy UK forecast from the EC.

2 months conditional negative
Brexit Pound To Euro Forecast LIVE: GBP/EUR Exchange Rate Gaps Higher On "Secret Brexit Deal"

A combination of Brexit speculation and underwhelming Eurozone datasets made it easier for the British Pound to Euro (GBP/EUR) exchange rate to surge last week.

2 months conditional neutral

MOP currency converter