The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR's foreign exchange reserves amounted to MOP253.4 billion (USD31.69 billion) at the end of October 2011. The reserves rose by 2.7% from the revised value of MOP246.8 billion (USD30.75 billion) for the previous month. When compared with a year earlier, the reserves increased by MOP78.3 billion or 44.7%. Macao SAR's foreign exchange reserves at end-October 2011 represented 44 times the currency in circulation or 356.8% of Pataca M2 at end-September 2011. 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 0.51 points month-to-month but fell by 1.06 points year-on-year to 87.83 in October 2011. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)
