Foreign exchange reserves decline in July

The Monetary Authority (AMCM) has reported a decrease in foreign exchange reserves for July, totaling 229 billion patacas, down 1.4% from June’s 232.3 billion patacas. This figure represents approximately 11 times the currency in circulation and 91.7% of the broad money supply (M2) in Macau. Additionally, the trade-weighted exchange rate index fell to 105.3, a slight decrease of 0.17 points from June, although it increased by 2.43 points year-over-year. This indicates a monthly decline in the pataca’s value against major trading partner currencies, with expectations of an upward trend in the coming months.

Foreign exchange reserves decline in July

Foreign exchange reserves decline in July

Foreign exchange reserves decline in July

Foreign exchange reserves decline in July

Foreign exchange reserves decline in July