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Forex reserves dip to 154 billion patacas

Macau’s foreign exchange reserves amounted to 154.1 billion patacas at the end of April, the Macau Monetary Authority (AMCM) said in a statement on Monday.

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UPDATED: 22 Dec 2023, 5:46 am

Macau’s foreign exchange reserves amounted to 154.1 billion patacas at the end of April, the Macau Monetary Authority (AMCM) said in a statement yesterday.

The city’s quasi-central bank said that the preliminary estimate of the Macau Special Administrative Region’s (MSAR) foreign exchange reserves dropped 0.6 percent from the revised value of 155.1 billion patacas at the end of March.

According to the statement, Macau’s forex reserves at the end of April represented 11 times the local currency in circulation.

The trade-weighted effective exchange rate index for the pataca dropped 0.45 points month-to-month but rose 3.68 points year-on-year to 108.6 last month, indicating that the pataca exchange rate declined against the currencies of the city’s major trading partners on a monthly basis but increased on an annual basis.

UPDATED: 22 Dec 2023, 5:46 am

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