The Monetary Authority of Macao (AMCM) has announced that the preliminary estimate of Macau’s foreign exchange reserves stood at MOP236.3 billion (approximately USD29.26 billion) as of the end of May 2025.
This figure represents an increase of 3.1% from the revised value of MOP229.2 billion (USD28.68 billion) for the previous month (April).
At the end of May, local foreign exchange reserves represented 11 times the currency in circulation, or 89.9% of Pataca M2, as of the end of April 2025.
Concurrently, the Pataca exchange rate dropped significantly compared to other currencies. The AMCM noted that the trade-weighted effective exchange rate index for the Pataca decreased by 1.39 points month-on-month (m-o-m) and 2.89 points year-on-year (y-o-y), reaching 102.3 in May 2025.
The monetary authority explained that these decreases generally indicate that the Pataca’s exchange rate has weakened against the currencies of Macau’s major trading partners.
Pataca M2 is a measure of the money supply that includes cash, checking deposits, and easily convertible near money. RM
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