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

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP133.9 billion (USD16.77 billion) at the end of February 2015. The reserves increased by 0.4% from the revised value of MOP133.3 billion (USD16.70 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-February 2015 represented 12 times the currency in circulation or 101.7% of Pataca M2 at end-January 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 0.71 points month-to-month and 7.05 points year-on-year to 103.67 in February 2015.