The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP193.2 billion (USD24.20 billion) at the end of November 2020. The reserves increased by 3.0% from the revised value of MOP187.6 billion (USD23.50 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-November 2020 represented 10 times the currency in circulation or 82.6% of pataca M2 at end-October 2020.

The trade-weighted effective exchange rate index for the pataca dropped 0.93 points month-to-month and 4.08 points year-on-year to 103.6 in November 2020, implying that overall speaking, the exchange rate of the pataca declined against the currencies of Macao’s major trading partners.