Can I exchange Hong Kong dollars in Macau?

In Macau, you can use RMB, Hong Kong dollars, US dollars, Macau pataca, etc., which are generally converted according to the exchange rate during checkout. You can exchange them for Hong Kong dollars, US dollars and other international currencies at your local bank.

If you travel to Macau, you can bring a small amount of RMB. UnionPay cards can generally be swiped in shopping malls and other shopping malls (settlement is based on the real-time RMB exchange rate, which is more convenient and more favorable than exchanging cash). No need to exchange Portuguese currency.

(Macau Pataca)

The Macau pataca (Macau pataca; Pataca de Macau; currency code: MOP; currency symbol: MOP$), is the Macau Special Administrative Region of the People's Republic of China of legal tender. Macau's monetary policy is managed by the Monetary Authority of Macau. 1 MOP is divided into 100 AVOS. The Portuguese name "Pataca" for the Macau Pataca comes from the silver dollar "Eight Mexican Reals" (Portuguese: Pataca Mexicana) that was once widely used in Asia.

Exchange rate

In the 1980s, the Macau pataca dollar began to implement a linked exchange rate system with the Hong Kong dollar, with 1.03 Macau pataca dollars exchanged for 1 Hong Kong dollar. Since the Hong Kong dollar and the U.S. dollar implement a linked exchange rate system, the Macau pataca dollar is indirectly linked to the U.S. dollar, with an exchange rate of about 1 U.S. dollar to (Macau pataca) 8 yuan. Macau has no control over the entry and exit of Macau pataca and foreign currency. Tourists can freely exchange currency at hotels, banks, exchange shops and other places in Macau. ?

In the late 1980s, because the exchange rate system implemented at that time allowed the prices of different currencies to float freely, a similar situation occurred as follows: On September 26, 1983, the Macau Pataca exchange rate for the Hong Kong dollar was 1. First, the two are at the same price, so most Macau citizens exchange Hong Kong dollars at banks across Macau; the next day, the Macau government immediately announced that the linked exchange rate system for converting Hong Kong dollars will be based on the fixed linked exchange rate of 1.03 to 1 Hong Kong dollar starting from that day. system.

Reference materials: Baidu Encyclopedia Macau Pataca