Foreign exchange reserves and nominal effective exchange rate index for the pataca – June 2022
The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP214.0 billion (USD26.48 billion) at the end of June 2022. The reserves decreased by 0.6% from the revised value of MOP215.4 billion (USD26.65 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-June 2022 represented 11 times the currency in circulation or 85.8% of pataca M2 at end-May 2022.
The trade-weighted effective exchange rate index for the pataca rose 0.22 points month-to-month and 6.22 points year-on-year to 108.6 in June 2022, implying that overall speaking, the exchange rate of the pataca grew against the currencies of Macao’s major trading partners.