Foreign exchange reserves and nominal effective exchange rate index for the pataca – March 2015

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP136.9 billion (USD17.14 billion) at the end of March 2015. The reserves increased by 1.9% from the revised value of MOP134.3 billion (USD16.81 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-March 2015 represented 11 times the currency in circulation or 103.0% of Pataca M2 at end-February 2015. 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 1.52 points month-to-month and 8.42 points year-on-year to 105.19 in March 2015.