What currency does Macao use for settlement?

You can use RMB, Hong Kong dollars, US dollars, Macao dollars, etc. In Macau, they are usually exchanged at the exchange rate when you check out. You can change them into international currencies such as Hong Kong dollars or US dollars at your local bank.

If you used to travel in Macao, you can bring a small amount of RMB, and shopping malls and other consumer places can generally use UnionPay cards (real-time RMB exchange rate settlement will be more convenient and more favorable than cash exchange). There is no need to exchange Portuguese currency.

(mop)

MOP (MOP; Macao pataca; Currency code: MOP; ; Currency symbol: MOP $) is the legal tender of People's Republic of China (PRC) and China Special Administrative Region. Monetary policy in Macao is managed by the Macao Monetary Authority. 1 mop can be divided into 100 cents (Avos). The Portuguese name of Macau MOP "Pataca" comes from the silver circle "eight Mexican reais" (Portuguese: Pataca Mexicana) which was widely used in Asia at that time.

exchange rate

1 In the 1980s, the Macao pataca began to implement the linked exchange rate system with the Hong Kong dollar, 1.03 Macao pataca exchange1Hong Kong dollar. Since the Hong Kong dollar is linked to the US dollar and the Macao dollar is indirectly linked to the US dollar, the exchange rate is about 1 US dollar against 8 yuan RMB. Macao has no control over the entry and exit of Macao patacas and foreign currencies, and tourists can freely exchange money in hotels, banks, exchange shops and other places in Macao. ?

At the end of 1980s, because the exchange rate system implemented at that time allowed the prices of different currencies to float freely, the following similar situations appeared: On September 26th, 1983, the exchange rate of Macao currency to Hong Kong dollar was one to one, that is, the two were at the same price, so most Macao citizens exchanged Hong Kong dollars in banks all over Australia; The next day, the Macao government immediately announced that the linked exchange rate system for Hong Kong dollar exchange was based on 1.03 to 1.

References:

Baidu encyclopedia mop