The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP154.8 billion (USD19.20 billion) at the end of September 2018. The reserves decreased by 3.0% from the revised value of MOP159.5 billion (USD19.73 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-September 2018 represented 10 times the currency in circulation or 79.6% of pataca M2 at end-August 2018.

The trade-weighted effective exchange rate index for the pataca dropped 0.13 points month-to-month but rose 1.92 points year-on-year to 105.5 in September 2018, implying that overall speaking, the exchange rate of the pataca declined against the currencies of Macao’s major trading partners on a monthly basis but increased on an annual basis.