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LOCAL CURRENCY IN MACAU

Need to know waht is the local currency in Macau? The currency used in Macau is called Pataca.

The Macanese Pataca is issued and managed by the Monetary Authority of Macao. To find out the current currency exchange rates for Pataca to other major currencies of the world, click on foreign currency rates.

Macanese Currency Information
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The currency used in Macau is called as the Pataca. This currency is denoted with the currency sign MOP$ and the ISO 4217 Code for the Macanese Pataca is MOP (. The Pataca, is the official currency of the Macau . It is divided into 100 smaller units called ? (sin) .

The constitution of Macau provides that the Macau government shall have the power to print the Macanese Pataca and ? (sin) coins to be used as a legal tender in Macau. The Macanese Pataca bank notes and ? (sin) coins are both designated as "legal tender" in payment of debts.

The Macanese Pataca bill uses the decimal system, consisting of 100 equal units.

The symbol MOP$, usually written before the numerical amount, is used for the Macanese Pataca.

Currently printed bank notes denominations are MOP$10, MOP$20, MOP$50, MOP$100, MOP$500, MOP$1000 and the coins are minted in the denominations of 10, 50 avos, MOP$1, MOP$5 20 avos, MOP$2, MOP$10.

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The Effect of Balance of Trade and Investment on the Value of Macanese Pataca
Financial analysts regularly cite the balance of trade and investment in Macau as the most important influence on the value of the Pataca. The difference between what the Macau exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Pataca exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Pataca exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Macanese Pataca.
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