Foreign exchange reserves and nominal effective exchange rate index for the pataca – September 2019

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP171.0 billion (USD21.18 billion) at the end of September 2019. The reserves increased by 0.7% from the revised value of MOP169.8 billion (USD21.02 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-September 2019 represented 10 times the currency in circulation or 81.4% of pataca M2 at end-August 2019.

The trade-weighted effective exchange rate index for the pataca rose 0.59 points month-to-month and 2.78 points year-on-year to 108.3 in September 2019, implying that overall speaking, the exchange rate of pataca grew against the currencies of Macao’s major trading partners.



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