MACAO, Sept. 13 (Xinhua) -- The preliminary estimate of the foreign exchange reserves in China's Macao Special Administrative Region (SAR) amounted to 159.5 billion patacas (19.73 billion U.S. dollars) at the end of August this year, the Monetary Authority of Macao said on Thursday.
The reserves increased by 1.7 percent from the revised value of 156.9 billion patacas (19.41 billion dollars) for the previous month. Macao SAR's foreign exchange reserves at the end of August 2018 represented 10 times the currency in circulation, or 81.2 percent of pataca M2 at the end of July 2018.
The trade-weighted effective exchange rate index for the pataca rose 0.87 points month-to-month and 1.34 points year-on-year to 105.7 in August 2018, implying that overall speaking, the exchange rate of pataca grew against the currencies of Macao's major trading partners.
