The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR's foreign exchange reserves amounted to MOP131.4 billion (USD16.45 billion) at the end of August 2013. The reserves rose by 2.1% from the revised value of MOP128.8 billion (USD16.12 billion) for the previous month. When compared with a year earlier, the reserves dropped by MOP1.8 billion or 1.4%. Macao SAR's foreign exchange reserves at end-August 2013 represented 16 times the currency in circulation or 128.3% of Pataca M2 at end-July 2013. 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, dropped 0.73 points month-to-month and 1.29 points year-on-year to 97.56 in August 2013. For enquiry, please contact:
