Foreign Exchange Reserves and Nominal Effective Exchange Rate Index for the Pataca December 2013

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR's foreign exchange reserves amounted to MOP129.0 billion (USD16.15 billion) at the end of December 2013. The reserves rose by 1.9% from the revised value of MOP126.6 billion (USD15.85 billion) for the previous month. When compared with a year earlier, the reserves dropped by MOP3.6 billion or 2.7%. Macao SAR's foreign exchange reserves at end-December 2013 represented 15 times the currency in circulation or 121.5% of Pataca M2 at end-November 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, dropped 0.22 points month-to-month and 0.14 points year-on-year to 96.71 in December 2013. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)