Geopolitical crisis, the Covid-19 pandemic and interest rate hikes by major central banks take their toll, with the AMCM forecasting enormous challenges this year.
foreign exchange
AMCM says pataca exchange rate dropped against currencies of Macao’s major trading partners on a monthly basis but grew on an annual basis.
Macao’s foreign exchange reserves amounted to MOP 189.6 billion (US$23.75 billion) at the end of June, the Monetary Authority of Macao said in a statement on Wednesday.
