The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP153.2 billion (USD18.97 billion) at the end of May 2018, which remained virtually unchanged from the previous month. Macao SAR’s foreign exchange reserves at end-May 2018 represented 10 times the currency in circulation or 80.9% of pataca M2 at end-April 2018.
The trade-weighted effective exchange rate index for the pataca rose 1.77 points month-to-month but fell 5.27 points year-on-year to 102.4 in May 2018, implying that overall speaking, the exchange rate of pataca grew against the currencies of Macao’s major trading partners on a monthly basis but dropped on an annual basis.