Forex reserves edge up to MOP133.3 bln in January

2015/2/16

From：Macau Business

The Monetary Authority of Macau estimates that the city’s foreign exchange reserves amounted to MOP133.3 billion (US$16.7 billion) at the end of last month, 1.5 percent more than a month earlier.

The estimated sum was equivalent to 12 times the currency in circulation or 107.1 percent of the M2 measure of money supply at the end of 2014.

The trade-weighted effective exchange rate index of the pataca, a gauge of the currency’s value against the currencies of Macau’s main trading partners, rose by 1.34 points last month to 102.96.

Copyright@Macau Business