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

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP145.0 billion (USD18.17 billion) at the end of August 2015. The reserves increased by 0.3% from the revised value of MOP144.6 billion (USD18.11 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-August 2015 represented 13 times the currency in circulation or 105.7% of Pataca M2 at end-July 2015. The trade-weighted effective exchange rate index for the pataca rose 0.96 points month-to-month and 8.01 points year-on-year to 105.71 in August 2015, implying that overall speaking, the pataca appreciated against the currencies of Macao’s major trading partners.