Convert Macanese Pataca to Philippine Peso
Please provide values below to convert Macanese Pataca [MOP] to Philippine Peso [PHP], or Convert Philippine Peso to Macanese Pataca.
How to Convert Macanese Pataca to Philippine Peso
1 MOP = 0.141996371765805 PHP
Example: convert 15 MOP to PHP:
15 MOP = 15 × 0.141996371765805 PHP = 2.12994557648708 PHP
Macanese Pataca to Philippine Peso 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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.