Convert Macanese Pataca to Hong Kong Dollar
Please provide values below to convert Macanese Pataca [MOP] to Hong Kong Dollar [HKD], or Convert Hong Kong Dollar to Macanese Pataca.
How to Convert Macanese Pataca to Hong Kong Dollar
1 MOP = 1.03003898188489 HKD
Example: convert 15 MOP to HKD:
15 MOP = 15 × 1.03003898188489 HKD = 15.4505847282733 HKD
Macanese Pataca to Hong Kong Dollar Conversion Table
| Macanese Pataca | Hong Kong Dollar |
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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.
Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.