The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP208.8 billion (USD26.12 billion) at the end of May 2021. The reserves increased by 1.0% from the revised value of MOP206.7 billion (USD25.85 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-May 2021 represented 11 times the currency in circulation or 86.0% of pataca M2 at end-April 2021.
The trade-weighted effective exchange rate index for the pataca dropped 0.84 points month-to-month and 7.33 points year-on-year to 102.2 in May 2021, implying that overall speaking, the exchange rate of the pataca declined against the currencies of Macao’s major trading partners.