Currency in Macau
A practical currency and money guide to travel, living and doing business in Macau and the Macanese pataca (MOP).
What's in this Macau currency guide:
What currency is used in Macau?
The official currency of Macau (country code: MO) is the Macanese pataca, with symbol M$ and currency code MOP.
Things to know about the Macanese pataca
The Macanese pataca (MOP) is the official currency of Macau, a special administrative region of China located on the western side of the Pearl River estuary in East Asia. Here are a few things to know about the Macanese pataca:
- The Macanese pataca is abbreviated as MOP and is divided into 100 avos.
- The Monetary Authority of Macau is responsible for issuing and regulating the Macanese pataca.
- The exchange rate for the Macanese pataca is determined by supply and demand in the foreign exchange market.
- Macau has a large, diversified economy that is heavily reliant on tourism, with a significant portion of the country's GDP coming from the tourism industry. The country is also a major producer of textiles and has a growing financial services sector.
- The Macanese pataca has been pegged to the Hong Kong dollar at a fixed exchange rate of 1 MOP = 1 HKD since 2005. This means that the value of the Macanese pataca is closely tied to the value of the Hong Kong dollar.
Travel Ideas and Money Tips for Macau
Expat Money & Business Guide to Macau
Managing your finances in Macau
Here we list some key points for expats and businesses to consider when managing financial dealings in Macau:
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Understand Macanese pataca currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the MOP exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
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Use a local Macanese pataca bank account: A local MOP bank account can make it easier for you to manage your finances and pay bills while you are in Macau. It may also be more convenient to use a local MOP bank account to make purchases and withdraw cash.
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Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Macau. This can help you avoid legal issues and ensure that you are complying with local requirements.
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Consider the tax implications: It is important to understand the tax implications of living or doing business in Macau. This can help you plan your finances and ensure that you are paying the correct amount of tax.
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Seek financial advice: If you are unsure of how to manage your finances in Macau, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
USD/MOP – Market Data
The exchange rate of Macanese pataca (MOP), or the amount of MOP that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/MOP rate plus recent trend, chart, and historic rates.
| Date | USD/MOP | Change | Period |
|---|---|---|---|
15 Mar 2023 | 8.0923 | 0.1% ▼ | 2 Week |
29 Dec 2022 | 8.0274 | 0.7% ▲ | 3 Month |
29 Mar 2022 | 8.0584 | 0.3% ▲ | 1 Year |
30 Mar 2018 | 8.0857 | 0% ▼ | 5 Year |
31 Mar 2013 | 7.9912 | 1.2% ▲ | 10 Year |
03 Apr 2003 | 8.0333 | 0.6% ▲ | 20 Year |
Compare Macanese pataca Exchange Rates & Fees
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Macau or planning a trip or maybe living there, so will need to exchange and spend Macanese pataca.
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It is important to note that the exchange rate of the Macanese pataca can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect MOP exchange rates before making any financial decisions.
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