The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP211.0 billion (USD26.31 billion) at the end of September 2021. The reserves decreased by 0.6% from the revised value of MOP212.2 billion (USD26.46 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-September 2021 represented 11 times the currency in circulation or 87.1% of pataca M2 at end-August 2021.
The trade-weighted effective exchange rate index for the pataca dropped 0.02 points month-to-month and 1.99 points year-on-year to 103.2 in September 2021, implying that overall speaking, the exchange rate of the pataca declined against the currencies of Macao’s major trading partners.