The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP156.9 billion (USD19.53 billion) at the end of October 2017. The reserves decreased by 0.5% from the revised value of MOP157.7 billion (USD19.60 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-October 2017 represented 11 times the currency in circulation or 87.2% of pataca M2 at end-September 2017.
The trade-weighted effective exchange rate index for the pataca rose 1.00 point month-to-month but fell 2.31 points year-on-year to 104.6 in October 2017, implying that overall speaking, the exchange rate of pataca grew against the currencies of Macao’s major trading partners on a monthly basis but dropped on an annual basis.