Macao’s international change reserves amounted to MOP 183.three billion (US$22.95 billion) on the finish of final
Macao’s international change reserves amounted to MOP 183.three billion (US$22.95 billion) on the finish of final month, the Financial Authority of Macao (AMCM) mentioned in a press release on Monday.
The reserves elevated 2.Four per cent from the revised quantity of MOP 179.Zero billion on the finish of April.
The foreign exchange reserves on the finish of Could represented 10 occasions the forex in circulation, or 82.Four per cent of pataca M2 on the finish of April.
In keeping with Investopedia, M2 is a cash provide measure that features money, checking deposits, and simply convertible “close to cash”, i.e. belongings that may readily be transformed into money, akin to authorities bonds.
The trade-weighted efficient change fee index for the pataca rose 0.06 factors month-to-month and a couple of.64 factors year-on-year to 109.5 final month, implying that the pataca change fee grew in opposition to the currencies of Macau’s main buying and selling companions.
(The Macau Publish Every day/Macau Information)
PHOTO © Financial Authority of Macao