Foreign exchange reserves and nominal effective exchange rate index for the pataca – November 2015

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP143.8 billion (USD18.01 billion) at the end of November 2015. The reserves decreased by 0.8% from the revised value of MOP145.0 billion (USD18.16 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-November 2015 represented 12 times the currency in circulation or 103.0% of Pataca M2 at end-October 2015. The trade-weighted effective exchange rate index for the pataca rose 1.75 points month-to-month and 6.50 points year-on-year to 107.13 in November 2015, implying that overall speaking, the pataca appreciated against the currencies of Macao’s major trading partners.