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 | Number of credit cards issued up 10.3 pct in Q3

MNA, MNA Economy, MNA Macau | Owing to increasing demand for dual-currency and triple-currency cards, the number of total credit cards in circulation in Macau in the Q3 rose 10.3 pct when compared to the same period last year

indicative neutral
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
Macau | Local forex reserves drop to MOP154.8 bln in September
Macau | Local forex reserves drop to MOP154.8 bln in September

MNA, MNA Economy, MNA Macau | Local foreign exchange reserves dropped by 3 pct monthly to MOP154.8 bln as of the end of September of this year

indicative neutral
Macau | Money supply grew 0.8 pct m-on-m in September
Macau | Money supply grew 0.8 pct m-on-m in September

MNA, MNA Business, MNA Economy, MNA Macau | The money supply to Macau in September has increased 0.8 per cent month-on-month to MOP626.4 billion

indicative neutral

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