The preliminary estimate of Macau’s foreign exchange reserves amounted to 195.4 billion patacas at the end of last month, the Macau Monetary Authority (AMCM) announced yesterday.
According to an AMCM statement, the foreign exchange reserves decreased by 2.7 percent from the revised value of 200.8 billion patacas for December 2020.
The Macau Special Administrative Region’s (MSAR) foreign exchange reserves at the end of last month represented 11 times the local currency in circulation, or 83.0 percent of pataca M2 at the end of December 2020.
The trade-weighted effective exchange rate index for the pataca dropped 0.45 point month-on-month and 5.50 points year-on-year to 101.9 last month, implying that the exchange rate of the pataca declined against the currencies of Macau’s major trading partners, Macau’s de facto central bank said.
– Xinhua, MPD
