Currency of Macau, China

The local currency unit is PATACA with denominations of 10, 20, 50, 100, 500 and 1000 Patacas in banknotes and 10, 20, 50 avos and 1, 2, 5 and 10 Patacas in coins. Hong Kong dollars are readily accepted everywhere in the city. Most hotel rates are generally quoted only in Hong Kong dollars. The rate is fluctuates with the currency market. The exchange rate is about MOP$103 = HK$100 and One Hong Kong dollar is considered the same value of its Macau equivalent in practice. Roughly eight Patacas is equivalent to one US Dollar.