Convert Macanese Pataca to Tanzanian Shilling
Please provide values below to convert Macanese Pataca [MOP] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Macanese Pataca.
How to Convert Macanese Pataca to Tanzanian Shilling
1 MOP = 0.00314599949605489 TZS
Example: convert 15 MOP to TZS:
15 MOP = 15 × 0.00314599949605489 TZS = 0.0471899924408234 TZS
Macanese Pataca to Tanzanian Shilling Conversion Table
| Macanese Pataca | Tanzanian Shilling |
|---|
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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.