Convert Macanese Pataca to Bermudan Dollar
Please provide values below to convert Macanese Pataca [MOP] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Macanese Pataca.
How to Convert Macanese Pataca to Bermudan Dollar
1 MOP = 8.0856 BMD
Example: convert 15 MOP to BMD:
15 MOP = 15 × 8.0856 BMD = 121.284 BMD
Macanese Pataca to Bermudan Dollar Conversion Table
| Macanese Pataca | Bermudan Dollar |
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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.
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.