Convert Macanese Pataca to New Zealand Dollar
Please provide values below to convert Macanese Pataca [MOP] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Macanese Pataca.
How to Convert Macanese Pataca to New Zealand Dollar
1 MOP = 4.84457759137208 NZD
Example: convert 15 MOP to NZD:
15 MOP = 15 × 4.84457759137208 NZD = 72.6686638705812 NZD
Macanese Pataca to New Zealand Dollar Conversion Table
| Macanese Pataca | New Zealand Dollar |
|---|
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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.