The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP157.4 billion (USD19.57 billion) at the end of November 2017. The reserves increased by 0.3% from the revised value of MOP156.9 billion (USD19.53 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-November 2017 represented 11 times the currency in circulation or 87.1% of pataca M2 at end-October 2017.
The trade-weighted effective exchange rate index for the pataca rose 0.08 points month-to-month but fell 3.85 points year-on-year to 104.7 in November 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.