Foreign exchange reserves grow 0.8% in Sept.

A preliminary estimate of foreign exchange reserves at the end of last month amounted to MOP230.6 billion (USD28.81 billion), the Monetary Authority (AMCM) has announced. According to AMCM statistics, this figure represents a 0.8% increase from the revised value of MOP228.9 billion (USD28.50 billion) for the previous month (August 2024). Foreign exchange reserves at the end of September represented 11 times the currency in circulation or 91.2% of the pataca at the end of August. The AMCM also said the trade-weighted effective exchange rate index for the pataca dropped 0.9 points month-on-month and 2.64 points year-on-year to 102.4 in September. This indicates a broader decline in the pataca’s exchange rate against the currencies of Macau’s major trading partners.