The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR's foreign exchange reserves amounted to MOP128.8 billion (USD16.12 billion) at the end of July 2013. The reserves rose by 1.4% from the revised value of MOP127.0 billion (USD15.90 billion) for the previous month. When compared with a year earlier, the reserves dropped by MOP4.1 billion or 3.1%. Macao SAR's foreign exchange reserves at end-July 2013 represented 15 times the currency in circulation or 132.0% of Pataca M2 at end-June 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, increased 0.53 points month-to-month but dropped 0.90 points year-on-year to 98.29 in July 2013. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)
