The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP192.0 billion (USD23.92 billion) at the end of January 2011. The reserves rose by 0.9% from the revised value of MOP190.2 billion (USD23.73 billion) for the previous month. When compared with a year earlier, the reserves increased by MOP44.4 billion or 30.1%. Macao SAR’s foreign exchange reserves at end-January 2011 represented 35 times the currency in circulation or 282.1% of Pataca M2 at end-December 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, fell by 0.63 points month-to-month and 0.59 points year-on-year to 88.83 in January 2011. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)
