The MOP/USD pair shows how many US dollars one Macanese pataca buys, reflecting Macao's currency board peg to the Hong Kong dollar and its close link to the US dollar.
The curve shows the change in one unit of MOP expressed in USD. An upward slope means the base currency is strengthening relative to the quote currency; a downward slope indicates the opposite.
Use the 7-day, 30-day or 1-year periods to distinguish a short movement from a more lasting trend.
Volatility can reflect central-bank announcements, economic data, trade flows or risk sentiment. A chart is not a forecast: it describes the observations available for the selected period.
Du au · 27 observations
The MOP/USD exchange rate represents the value of the Macanese pataca (MOP) against the US dollar (USD). This directed pair indicates how many US dollars are required to purchase one Macanese pataca. An appreciation of the pataca means it strengthens relative to the dollar, making Macao's goods and services more expensive for US consumers and reducing the cost of US imports for Macao. The pair is primarily used by businesses and travelers engaged in trade, tourism, and investment between Macao and the United States.
The Macanese pataca is managed under a currency board system that pegs it to the Hong Kong dollar (HKD) at a fixed rate of 1 MOP = 1.03 HKD. Since the Hong Kong dollar itself is pegged to the US dollar within a narrow band (7.75–7.85 HKD per USD), the MOP effectively moves in tandem with the USD. This indirect peg means that MOP/USD is highly stable, with fluctuations limited to the HKD/USD band. Monetary policy for Macao is effectively set by the Hong Kong Monetary Authority, which follows the US Federal Reserve's interest rate decisions to maintain the HKD peg. Key drivers include US interest rate differentials, inflation trends, and global risk sentiment, as well as Macao's reliance on gaming and tourism revenues, which affect capital flows and demand for the pataca.
Over the past several years, the MOP/USD rate has remained remarkably stable due to the currency board arrangement. The pataca has traded within a very narrow range around 0.124 USD, reflecting the HKD/USD peg. During periods of global economic uncertainty, such as the COVID-19 pandemic, the peg provided stability, though Macao's tourism-dependent economy experienced significant volatility. The rate has not experienced any major breaks or realignments, as the currency board system is well-established and credible. Looking ahead, the pair is expected to continue its stable trajectory as long as the Hong Kong dollar remains pegged to the US dollar, with any changes in the peg being the primary risk to the current regime.
This analysis is provided for information only and is neither a forecast nor financial advice.
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| Date UTC | Rate | Change |
|---|---|---|
| 0,12379148 | -0.01% | |
| 0,12380835 | -2.43% | |
| 0,12688767 | +2.48% | |
| 0,12381141 | +0% | |
| 0,12381141 | -2.11% | |
| 0,12647578 | -0.07% | |
| 0,12656374 | -0.01% | |
| 0,12658004 | +0.04% |
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Displayed source: api.forex. Indicative values are used only as a visual fallback.