Convert Macanese Pataca to Chinese Yuan (Offshore)
Please provide values below to convert Macanese Pataca [MOP] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Macanese Pataca.
How to Convert Macanese Pataca to Chinese Yuan (Offshore)
1 MOP = 1.12745988681059 CNH
Example: convert 15 MOP to CNH:
15 MOP = 15 × 1.12745988681059 CNH = 16.9118983021589 CNH
Macanese Pataca to Chinese Yuan (Offshore) Conversion Table
| Macanese Pataca | Chinese Yuan (Offshore) |
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Macanese Pataca
The Macanese Pataca (MOP) is the official currency of Macau, used for everyday transactions and financial dealings within the region.
History/Origin
Introduced in 1999, the Pataca replaced the Macau pataca, and has since been pegged to the Hong Kong dollar at a fixed rate, reflecting Macau's economic ties with Hong Kong and China.
Current Use
The Pataca remains the primary currency in Macau, widely used for commerce, banking, and tourism-related transactions.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.