The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR's foreign exchange reserves amounted to MOP272.4 billion (USD34.03 billion) at the end of December 2011. The reserves rose by 2.8% from the revised value of MOP265.0 billion (USD33.04 billion) for the previous month. When compared with a year earlier, the reserves increased by MOP82.2 billion or 43.2%. Macao SAR's foreign exchange reserves at end-December 2011 represented 46 times the currency in circulation or 360.1% of Pataca M2 at end-November 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 0.57 points month-to-month but fell by 1.06 points year-on-year to 88.40 in December 2011. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)
