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Macau Pataca

About The Macau Pataca: The Currency of Macau

quick facts

Quick Facts About the Macau Pataca Notes

Country of Origin

Macau

Symbol

MOP$

Currency Code

MOP

Nick Names

Macanese pataca

Minor units

Avo (Portuguese)

Denominations (Banknotes)

$10, $20, $50, $100, $500 and $1,000

Motto
Identification Feature

The 200 series banknotes feature an image of Bank of China, Macau branch on the obverse side.

Issuing Bank

Autoridade Monetária de Macau

In Circulation Since

1995

Macau, a territory that had been under Portuguese colonial rule until 1999, was officially recognised by China as a special administrative area in the same year. As a Special Administrative Region of China, Macau makes use of the Macau pataca (MOP) as its official form of currency. The currency is referred to by a few different names, including the Macanese pataca. The Macanese Pataca symbol is MOP$, and the Macau Pataca pronunciation is pretty straightforward as well.

 

Macau was a Portuguese territory up until 1999 when it was transferred to the Chinese administration. In spite of the fact that it is now a part of China, it continues to preserve a significant amount of its economic autonomy. Its value is based on a 1:1 ratio with the Hong Kong Dollar (HKD), which is the currency of Hong Kong. It is completely backed by foreign exchange reserves denominated in HKD.

 

The live Macau Pataca rate is INR (⚠️ ) . You can keep an eye on the real-time macau pataca in INR price.

History of the Macau Pataca

In the year 1901, efforts to create a unified currency that was recognised on a national level got underway in Macau. For the purposes of this endeavour, the authorization to print pataca banknotes was delegated to the Banco Nacional Ultramarino, which had its beginnings in Lisbon in 1864.

 

After this point, patacas ceased to be regarded as a distinct variety of the peso currency used in Mexico (or "Mexican patacas"). The usage of the Mexican peso and any other foreign currency was made illegal not long after the issuance of these brand-new banknotes of the pataca currency. It wasn't until 1952 that actual coins of the Macanese pataca were introduced into circulation, which is far later than the norm for most currencies. This is due to the fact that, despite efforts by the government to eradicate the use of foreign currency in circulation, Chinese coins from the neighbouring Canton Province were already widely used over the entirety of Macau.

 

The Macau Pataca denominations of notes are available as 10, 20, 50, 100, 500, and 1,000 patacas, while coins come in denominations of 10, 20, and 50 avos. There are also larger coins in circulation, with values ranging from one pataca up to twenty patacas. These larger coins have a diameter of twenty patacas. The Macau Pataca currency symbol is MOP$.

 

Since 2009, the value of one Mozambican franc (MOP) relative to one US dollar (USD) has remained relatively stable, with the exchange rate ranging between 7.80 and 8.10 MOP per USD between 2019 and the present. Over the course of that time span, inflation has been relatively moderate, coming in at an annual average of less than 4%.

Countries Accepting the Macau Pataca

The Macau Pataca is the official currency of Macau and is used for all kinds of transactions here. You can also keep an eye on real-time Macau Pataca price.

Amount in the Macau Pataca You Should Carry for Your Trip

To cover their day-to-day costs of living, a tourist needs approximately MOP814 each day in Macau. If you plan to travel in Macau in style by renting a private vehicle, eating at restaurants with Michelin stars, and staying in hotels with three stars or more, you should anticipate spending more than MOP1,224 each day there. For two people, this trip can cost somewhere around MOP1,600 to MOP2,500 each day.

 

If you want to live comfortably in Macau, then a stay option here can range somewhere between MOP730 and MOP 1,500.

 

Your daily transportation costs in Macau could range anywhere from MOP2 to MOP7, depending on whether you opt to ride the bus and save money or pay cash for one of the costly cabs that are available.

 

You can check the Macau Pataca rate today in order to plan a cost-effective vacation.

Best Ways to Identify Counterfeit Macau Pataca Notes

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There are a few ways through which you can spot the counterfeit Macau Pataca notes:

  • green check

    If you are familiar with an authentic note, you are aware that each bill has a long string of numerals. They can help in identifying fraudulent currency notes. Keep an eye on these digits; if they are not properly aligned, the bill is probably a forgery. Pay attention to how they are arranged. Keep your whole attention on these digits.

  • green check

    Examining a message for telltale indicators such as smudged writing or uneven lines might help one determine whether or not it is genuine. Also, keep an eye on Macau Pataca images and how crisp they are.

  • green check

    You will be able to determine the authenticity of a note by looking at the security thread and the material used for creating a note. Someone who does not have the necessary level of competence can get the impression that the security thread on a counterfeit bill was drawn or printed there.

counterfiet

Process of Exchanging the Macau Pataca

The process of converting the Macau Pataca to Indian Rupee is immensely easy. Please note that the 1 Macau Pataca to INR value is subject to change so keep an eye on the Macau Pataca rate alert. Below, we have mentioned some of the popular ways to convert Macau Patacas to Rupees.

Internationally-Accepted Card

A multi-currency forex card is counted among the most economical and safest way of carrying the Macau Pataca.

  • green check

    The BookMyForex Multi-Currency card can be loaded in 14 currencies and features zero forex mark-up.

Online Forex Marketplace

The simplest and most cost-efficient way of converting your Macau Pataca is using an online forex marketplace such as BookMyForex, a platform by MakeMyTrip, offering the best conversion rates and currency exchange service. The platform offers a 5-minute fully-digital online process for currency exchange.

Visiting Your Bank

The most traditional way of converting the Macau Pataca to Rupee is by visiting a bank and standing in long queues. It is not only time-consuming but you also end up paying a high cost for making the Macau Pataca convert to Indian Rupees.

Local Money Changers

You can look for an Authorised Dealer Category II or someone who has a money changers licence. Money exchangers offer competitive Macau Pataca exchange rates, and you’d not need a bank account in this case. However, the process of rate haggling can be quite frustrating for those who are looking for an easy way to convert Macau Pataca to INR.

 

On the other hand,BookMyForex, the online marketplace, offers internationally-accepted forex card and currency notes at the best rates via a convenient online process.

Airport

If you would like to convert the Macau Pataca in India, one of the costliest ways to do so would be to get the Macau Pataca exchanged at an airport due to the exorbitantly high MOP exchange rates. Currency exchange at the airport will prove to be 5%-15% costlier than BookMyForex.

Exchange the Macau Pataca with BookMyForex

BookMyForex, the online forex marketplace by MakeMyTrip, makes it a hassle-free affair for you to convert the MOP to Indian Rupees as well as Indian Rupee to Macau Pataca. Please note that the 1 Macau Pataca to INR value is subject to change so keep an eye on the Macau Pataca rate alert. You should choose MakeMyTrip for currency exchange for the following reasons:

wide range products

Wide Range of Products

  • Forex (Currency Notes) - Available in 100+ cities across India, BookMyForex allows you to get your currency notes delivered on the same day or the next day after 100% digital booking.

  • BookMyForex Multi-Currency Card - You can load this card in 14 currencies with 0% Forex Mark-up. Once you have booked this card, you can receive it the same day (if booking is made before 1 PM) or the next.

  • International Travel Insurance - MakeMyTrip also offers international travel insurance at cheapest rates in the market. Also, you can opt for this product if you’d like MMT to handle your mandatory travel insurance requirements along with a VISA application.

  • Travel Loan - With TripMoney, you can avail a travel loan of up to INR 1,00,000 (lifetime limit) for all your travel and holiday needs.

Best Exchange Rates

Best Exchange Rates

BookMyForex makes it easy for you to buy Macau Pataca or sell Macau Pataca at live and best exchange rates.

Quick Money Transfer

Quick Money Transfer

You can also enjoy quick international money transfers on BookMyForex. The 5-minute digital process offers the best forex rates, and you can receive funds abroad within 12 to 48 hours.

Home Delivery

Home Delivery

BookMyForex delivers the Macau Patacas at your doorstep. So, you can simply order and receive your currency from the comfort of your home.

Best Rates to Exchange the Macau Pataca

You’d need to keep an eye on the current currency rates, if you’d like to know the exact value you’d get on converting 1 Macau Pataca in Rupees. The exchange rates keep on fluctuating. BookMyForex, an online forex marketplace by MakeMyTrip, keeps you updated with the live currency exchange rates. You can keep up with the changing value of 1 Macau Pataca in India in real-time on the platform and get the best deal. Currently, 1 MOP is equivalent to ⚠️ INR .

Best Ways to Carry the Macau Pataca

BookMyForex allows you to convert INR to the Macau Pataca at the best exchange rates so that you can carry the Macau Patacas without any hassle. Some of the best ways to carry the Macau Pataca are mentioned below:

Bookmyforex

Currency Notes

You can buy the US Dollar notes at live and best exchange rates on BookMyForex so that you can be ready for your trip with sufficient cash in your hand.

BookMyForex Multi-Currency Card - 0% Forex Mark-Up

The Multi-Currency Forex Travel Card available on MakeMyTrip with BookMyForex as the co-branding partner comes with 0% forex mark-up over interbank rates.

How to Buy the Macau Pataca at Best Rates - Currency Notes and Cards

Whether you want to buy forex cards and currency notes or sell the Macau Pataca, MakeMyTrip makes the entire process quite easy. It doesn’t matter whether you want to convert the USD to Macau Pataca, INR to Macau Pataca or HKD to Macau Pataca, you only need to follow the below-written steps:

  • STEP 01

    Select your city from the drop-down list.

  • STEP 02

    Choose the currency you have and the currency you want.

  • STEP 03

    Opt for a forex card or currency notes from the list.

  • STEP 04

    Mention the forex amount. The live currency exchange rate will show up next to it.

  • STEP 05

    The converted currency amount according to the exchange rate will show up automatically.

  • STEP 06

    Then proceed with booking your order.

Documents Required to Buy or Sell the Macau Pataca

Here are some important documents mandated by the RBI that you must submit in order to buy or sell the Macau Pataca in India.

  • green check

    Copies of your valid Indian passport

  • green check

    PAN Card

  • green check

    Confirmed air ticket indicating your plan to travel within 60 days

  • green check

    Valid visa (it may not be required for every country)

Different Purposes for Exchanging the Macau Pataca

  • Private Travel: You can avail of up to MOP 10,000 for a private trip to the Macau.

  • Studying Abroad: You can purchase foreign exchange of up to MOP 30,000 or up to the estimate shared by your educational institute.

  • Employment Purpose: In case you have a letter of employment, you can buy foreign exchange of up to MOP 5,000.

  • Emigration: If you have an emigration visa, you can buy foreign exchange for up to MOP 5,000.

  • Gift and Donation: You can gift or donate up to MOP 5,000 annually on the basis of self-certification

  • Medical Treatment: On the basis of self-certification, you can buy foreign exchange of up to MOP 50,000 for medical treatments outside of India. Once the limit is surpassed, you have to provide the estimated expense that would be incurred at the hospital.

Buy and Sell the Macau Pataca Online at Best Exchange Rates

With BookMyForex, the online forex marketplace by MakeMyTrip, you can easily convert your currency. Enjoy unbeatable currency exchange rates and opt for BookMyForex Multi-Currency Cards as well as foreign currency notes. with no forex mark-up. MakeMyTrip also present the real-time value of one Macau Pataca in Indian Rupees so that you can stay updated with the ever-changing Macau Pataca value when converting your money to other currencies.

Home Delivery of the Macau Pataca

In addition to a smooth online process, BookMyForex also delivers the Macau Patacas right at your doorstep. In fact, you can enjoy same-day door delivery. So, you do not have to waste any time visiting a local money exchanger and picking up your money.

Other currencies to INR Conversion

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Frequently Asked Questions

  • What is the currency of Macau?

    The official currency of Macau is the Macau Pataca (MOP). It's used for all kinds of transactions across Macau, from shopping to dining and travel.

  • How do I get cashback after placing my forex order?

    Find out more about the cashback offer on your Macau Pataca (MOP) purchase by clicking here.

  • What is the best way to convert MOP to INR?

    You can convert MOP to INR using different methods such as visiting a nearby bank or an airport counter. However, both of these methods will prove to be time-consuming as well as costly. There are local money exchangers available but you might need to indulge in negotiations with them. Therefore, MakeMyTrip, powered by BookMyForex, is the perfect way to convert your currency. This online Forex solution offers currency exchange at live rates and delivers currency notes or Forex cards to your doorstep.

  • What will happen to the leftover Macau Pataca currency when I return from my trip?

    You can easily exchange any leftover currency notes or the money left in your Forex card with MakeMyTrip, powered by BookMyForex, once you have returned from your trip.

  • Can I invest in the Macau Pataca?

    Yes, you can invest in the Macau Pataca via mutual funds, ETFs, or ETNs. However, you should keep an eye on market fluctuation and geopolitical concerns.

  • Will I receive authentic Macau Pataca notes?

    Yes. MakeMyTrip offers genuine notes from RBI-licensed companies only.

  • Is it legally allowed to hold Macau Pataca in India?

    While it is acceptable to hold the Macau Pataca up to the amount authorised by RBI, you cannot use this currency for any kind of transaction in India.

  • What if I run out of the Macau Pataca currency while travelling?

    If you are carrying a MakeMyTrip multi-currency Forex card while travelling, then you can easily load it up and receive the money abroad within 48 hours.

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