Macao's forex reserves reach $20.42 bln in June

21:02, July 15, 2010      

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The preliminary estimate of Macao Special Administrative Region's foreign exchange reserves amounted to 163.7 billion patacas (20.42 billion U.S. dollars) at the end of June 2010, the Monetary Authority of Macao said Thursday.

The reserves for June rose by 3.4 percent from 158.3 billion patacas (19.72 billion U.S. dollars) for the previous month, and, when compared with a year earlier, the reserves increased by 15.3 percent, the agency said.

Macao's foreign exchange reserves at the end of June 2010 represented 32 times the currency in circulation at the end of May 2010.

The trade-weighted effective exchange rate index for the pataca, a gauge of the domestic currency's exchange rates against the currencies of Macao's major trading partners, rose by 0.50 points month-to-month and 1.74 points year-on-year to 92.29 in June 2010, the Monetary Authority said.

Source: Xinhua

(Editor:王寒露)

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