Convert Macanese Pataca to New Taiwan Dollar
Please provide values below to convert Macanese Pataca [MOP] to New Taiwan Dollar [TWD], or Convert New Taiwan Dollar to Macanese Pataca.
How to Convert Macanese Pataca to New Taiwan Dollar
1 MOP = 0.275348203643794 TWD
Example: convert 15 MOP to TWD:
15 MOP = 15 × 0.275348203643794 TWD = 4.1302230546569 TWD
Macanese Pataca to New Taiwan Dollar Conversion Table
| Macanese Pataca | New Taiwan Dollar |
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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.
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.