The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP123.6 billion (USD15.47 billion) at the end of February 2014. The reserves dropped by 4.5% from the revised value of MOP129.5 billion (USD16.19 billion) for the previous month. When compared with a year earlier, the reserves dropped by MOP9.0 billion or 6.8%. Macao SAR’s foreign exchange reserves at end-February 2014 represented 12 times the currency in circulation or 109.1% of Pataca M2 at end-January 2014.

The trade-weighted effective exchange rate index for the pataca, a gauge of the domestic currency’s exchange rates against the currencies of Macao’s major trading partners, dropped 0.18 points month-to-month and 0.74 points year-on-year to 96.62 in February 2014.

For enquiry, please contact:

Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)