Convert Macanese Pataca to United States Dollar
Please provide values below to convert Macanese Pataca [MOP] to United States Dollar [USD], or Convert United States Dollar to Macanese Pataca.
How to Convert Macanese Pataca to United States Dollar
1 MOP = 8.0856 USD
Example: convert 15 MOP to USD:
15 MOP = 15 × 8.0856 USD = 121.284 USD
Macanese Pataca to United States Dollar Conversion Table
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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.
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.