Convert Chinese Yuan to Macanese Pataca
Please provide values below to convert Chinese Yuan [CNY] to Macanese Pataca [MOP], or Convert Macanese Pataca to Chinese Yuan.
How to Convert Chinese Yuan to Macanese Pataca
1 CNY = 0.887243989314337 MOP
Example: convert 15 CNY to MOP:
15 CNY = 15 × 0.887243989314337 MOP = 13.308659839715 MOP
Chinese Yuan to Macanese Pataca Conversion Table
| Chinese Yuan | Macanese Pataca |
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Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
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.