Convert Macanese Pataca to Malaysian Ringgit
Please provide values below to convert Macanese Pataca [MOP] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Macanese Pataca.
How to Convert Macanese Pataca to Malaysian Ringgit
1 MOP = 1.91085692678546 MYR
Example: convert 15 MOP to MYR:
15 MOP = 15 × 1.91085692678546 MYR = 28.6628539017819 MYR
Macanese Pataca to Malaysian Ringgit Conversion Table
| Macanese Pataca | Malaysian Ringgit |
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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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.