Foreign exchange reserves and nominal effective exchange rate index for the pataca
The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP207.2 billion (USD25.74 billion) at the end of November 2022. The reserves decreased by 1.1% from the revised value of MOP209.6 billion (USD25.92 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-November 2022 represented 10 times the currency in circulation or 83.5% of pataca M2 at end-October 2022.
The trade-weighted effective exchange rate index for the pataca fell 1.55 points month-to-month but rose 9.24 points year-on-year to 113.0 in November 2022, implying that overall speaking, the exchange rate of the pataca dropped against the currencies of Macao’s major trading partners on a monthly basis but grew on an annual basis.
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