The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP182.2 billion (USD22.78 billion) at the end of November 2010. The reserves rose by 4.1% from the revised value of MOP175.1 billion (USD21.92 billion) for the previous month. When compared with a year earlier, the reserves increased by MOP36.4 billion or 25.0%. Macao SAR’s foreign exchange reserves at end-November 2010 represented 35 times the currency in circulation or 271.2% of Pataca M2 at end-October 2010. 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, rose by 0.14 points month-to-month and 0.24 points year-on-year to 89.03 in November 2010. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)
