Macau’s foreign exchange reserves amounted to 189.6 billion patacas (US$23.75 billion) at the end of June, the Macau Monetary Authority said in a statement yesterday.
According to the statement, the forex reserves rose 3.5 percent month-on-month.
The foreign exchange reserves at the end of June represented 10 times the currency in circulation, or 85.4 percent of pataca M2 at the end of May.
The trade-weighted effective exchange rate index for the pataca dropped 1.25 points month-on-month, but rose by 1.51 points year-on-year to 108.2 in June, implying that the exchange rate of Macau’s legal tender declined against the currencies of its major trading partners on a monthly basis but increased on an annual basis. – Xinhua, MPD
