Convert Macanese Pataca to Mexican Peso
Please provide values below to convert Macanese Pataca [MOP] to Mexican Peso [MXN], or Convert Mexican Peso to Macanese Pataca.
How to Convert Macanese Pataca to Mexican Peso
1 MOP = 0.433679106639062 MXN
Example: convert 15 MOP to MXN:
15 MOP = 15 × 0.433679106639062 MXN = 6.50518659958593 MXN
Macanese Pataca to Mexican 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.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.