The Monetary Authority of Macao announced today (14 December) that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP220.6 billion (USD27.44 billion) at the end of November 2023. The reserves decreased by 0.2% from the revised value of MOP221.1 billion (USD27.44 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-November 2023 represented 11 times the currency in circulation or 89.0% of pataca M2 at end-October 2023.

The trade-weighted effective exchange rate index for the pataca dropped 1.07 points month-on-month and 1.56 points year-on-year to 104.6 in November 2023, implying that overall speaking, the exchange rate of the pataca declined against the currencies of Macao’s major trading partners.