Investopedia

Continue to Site »

MOP (Macanese Pataca)

Filed Under » , , ,
Dictionary Says

Definition of 'MOP (Macanese Pataca)'

The currency abbreviation for the Macanese pataca, the currency for Macau. The Macanese pataca is made up of 100 avo or 10 ho, and is often presented with the symbol MOP$ (ex. MOP$100). The Macanese pataca is 100% backed by the foreign exchange reserves of the Hong Kong dollar (HKD).
Investopedia Says

Investopedia explains 'MOP (Macanese Pataca)'

The Macanese pataca was first introduced in 1894 and was equivalent to the Mexican peso, Spanish dollar and the Hong Kong dollar - which were all equivalent at that time, replacing the Portuguese real at a rate of 450:1. The pataca was initially pegged to the Hong Kong dollar at par, but from 1935 until 1976, it was pegged to the Portuguese escudo. The peg returned to the Hong Kong dollar in 1977.

Articles Of Interest

  1.

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  2. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  3. 3 Costly Spelling Errors

    History has proved that some spelling errors can cost companies and governments millions of dollars.

  4. The Most Counterfeit-Proof Currencies

    The IACA awards provide some of the best insight into the currencies that are proving the most difficult to fake.

  5. 6 Currencies With A Bright Future

    Have a rewarding new year by investing in these currencies.

  6. An Introduction To Complementary Currencies

    There are alternatives to national currencies. Discover complementary currencies and how they work.

  7. The Origins Of Common Currency Symbols

    Check out some of the world's most heavily traded currencies and their origins.

  8. Countries With The Lowest Unemployment Rates

    A high U.S. unemployment rate may not be as restrictive as you think. Find out where the jobs really are.

  9. The Life Of A $20 Bill

    Next time you pull a $20 out of your wallet, consider where it has been.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Validation Period

    The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost of investigation, medical exams and other expenses associated with the issuance of the policy.

  2. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  3. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  4. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  5. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  6. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.
Trading Center