The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP155.1 billion (USD19.38 billion) at the end of March 2017. The reserves increased by 0.3% from the revised value of MOP154.6 billion (USD19.34 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-March 2017 represented 11 times the currency in circulation or 90.6% of Pataca M2 at end-February 2017.
The trade-weighted effective exchange rate index for the pataca rose 0.02 points month-to-month and 3.08 points year-on-year to 109.0 in March 2017, implying that overall speaking, the exchange rate of the pataca advanced against the currencies of Macao’s major trading partners.