The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR's foreign exchange reserves amounted to MOP129.2 billion (USD16.15 billion) at the end of September 2014. The reserves decreased by 0.8% from the revised value of MOP130.2 billion (USD16.31 billion) for the previous month. Macao SAR's foreign exchange reserves at end-September 2014 represented 13 times the currency in circulation or 106.5% of Pataca M2 at end-August 2014. The trade-weighted effective exchange rate index for the pataca, a gauge of the domestic currency's exchange rates against the currencies of Macao's major trading partners, rose 1.18 points month-to-month and 1.41 points year-on-year to 98.88 in September 2014.
