Convert Philippine Peso to Macanese Pataca
Please provide values below to convert Philippine Peso [PHP] to Macanese Pataca [MOP], or Convert Macanese Pataca to Philippine Peso.
How to Convert Philippine Peso to Macanese Pataca
1 PHP = 7.04243346195706 MOP
Example: convert 15 PHP to MOP:
15 PHP = 15 × 7.04243346195706 MOP = 105.636501929356 MOP
Philippine Peso to Macanese Pataca Conversion Table
| Philippine Peso | Macanese Pataca |
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Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.
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.