Macau Pataca

About The Macau Pataca: The Currency of Macau

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

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.