Foreign Exchange Reserves and Nominal Effective Exchange Rate Index for the Pataca June 2010

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP163.7 billion (USD20.42 billion) at the end of June 2010. The reserves rose by 3.4% from MOP158.3 billion (USD19.72 billion) for the previous month. When compared with a year earlier, the reserves increased by MOP21.8 billion or 15.3%. Macao SAR’s foreign exchange reserves at end-June 2010 represented 32 times the currency in circulation or 273.4% of Pataca M2 at end-May 2010. The trade-weighted effective exchange rate index for the pataca, a gauge of the domestic currency’s exchange rates against the currencies of Macao’s major trading partners, rose by 0.50 points month-to-month and 1.74 points year-on-year to 92.29 in June 2010. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)