Foreign Exchange Reserves and Nominal Effective Exchange Rate Index for the Pataca June 2009

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP141.9 billion (USD17.78 billion) at the end of June 2009. The reserves rose by 0.9% from the revised value of MOP140.6 billion (USD17.61 billion) for the previous month. When compared with the same period last year, the reserves increased by MOP23.5 billion or 19.8%. Macao SAR’s foreign exchange reserves at end-June 2009 represented 31 times the currency in circulation or 249.7% of Pataca M2 at end-May 2009. 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, fell by 0.79 points month-to-month but rose by 3.55 points year-on-year to 90.55 in June 2009. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)