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

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP144.6 billion (USD18.11 billion) at the end of July 2015. The reserves increased by 0.4% from the revised value of MOP144.1 billion (USD18.04 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-July 2015 represented 13 times the currency in circulation or 108.8% of Pataca M2 at end-June 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 0.76 points month-to-month and 7.43 points year-on-year to 104.75 in July 2015.