Foreign Exchange Reserves and Nominal Effective Exchange Rate Index for the Pataca November 2013

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR's foreign exchange reserves amounted to MOP126.6 billion (USD15.85 billion) at the end of November 2013. The reserves fell by 1.9% from the revised value of MOP129.1 billion (USD16.16 billion) for the previous month. When compared with a year earlier, the reserves dropped by MOP5.3 billion or 4.0%. Macao SAR's foreign exchange reserves at end-November 2013 represented 15 times the currency in circulation or 119.8% of Pataca M2 at end-October 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 0.42 points month-to-month but dropped 0.36 points year-on-year to 96.93 in November 2013. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)