The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP158.9 billion (USD19.72 billion) at the end of November 2018. The reserves increased by 0.3% from the revised value of MOP158.4 billion (USD19.61 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-November 2018 represented 10 times the currency in circulation or 81.1% of pataca M2 at end-October 2018.
The trade-weighted effective exchange rate index for the pataca rose 0.44 points month-to-month and 2.30 points year-on-year to 107.0 in November 2018, implying that overall speaking, the exchange rate of pataca grew against the currencies of Macao’s major trading partners.