The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR's foreign exchange reserves amounted to MOP129.5 billion (USD16.19 billion) at the end of January 2014. The reserves rose by 0.4% from the revised value of MOP129.0 billion (USD16.15 billion) for the previous month. When compared with a year earlier, the reserves dropped by MOP7.5 billion or 5.5%. Macao SAR's foreign exchange reserves at end-January 2014 represented 14 times the currency in circulation or 121.7% of Pataca M2 at end-December 2013. 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, increased 0.09 points month-to-month but dropped 0.12 points year-on-year to 96.80 in January 2014. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)
