1 MYR to MOP (Malaysian Ringgit to Macau Pataca) Exchange Rate
Overview
The Malaysian Ringgit (MYR) is the official currency of Malaysia, while the Macau Pataca (MOP) is the official currency of Macau, a special administrative region of China. In this article, we will explore the exchange rate between 1 MYR and MOP.
Exchange Rate
As of the current market rate, 1 Malaysian Ringgit (MYR) is approximately equal to 2.05 Macau Pataca (MOP).
Conversion Table
| MYR | MOP |
|---|---|
| 1 | 2.05 |
| 5 | 10.25 |
| 10 | 20.50 |
| 50 | 102.50 |
| 100 | 205.00 |
Currency History
The Malaysian Ringgit (MYR) has a long history dating back to 1946, when it was introduced as a replacement for the Malayan dollar. The currency has undergone several changes, including the introduction of the new ringgit in 1967.
The Macau Pataca (MOP) was introduced in 1901 as a replacement for the Macau dollar. It is pegged to the Hong Kong dollar (HKD) at a fixed rate of 1 HKD = 1.03 MOP.
Economic Impact
The exchange rate between MYR and MOP has a significant impact on trade and tourism between Malaysia and Macau. A favorable exchange rate can boost tourism and trade, while an unfavorable rate can deter travel and investment.
Conclusion
In conclusion, the exchange rate between 1 MYR and MOP is approximately 2.05. Understanding the exchange rate is essential for individuals and businesses engaging in transactions between Malaysia and Macau.
