Convert New Taiwan Dollar to Macanese Pataca
Please provide values below to convert New Taiwan Dollar [TWD] to Macanese Pataca [MOP], or Convert Macanese Pataca to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Macanese Pataca
1 TWD = 3.63176511328782 MOP
Example: convert 15 TWD to MOP:
15 TWD = 15 × 3.63176511328782 MOP = 54.4764766993173 MOP
New Taiwan Dollar to Macanese Pataca Conversion Table
| New Taiwan Dollar | Macanese Pataca |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.