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

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP144.1 billion (USD18.04 billion) at the end of June 2015. The reserves increased by 3.6% from the revised value of MOP139.1 billion (USD17.42 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-June 2015 represented 12 times the currency in circulation or 109.3% of Pataca M2 at end-May 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 0.23 points month-to-month and 6.54 points year-on-year to 103.99 in June 2015.