MACAO, April 15 (Xinhua) -- The preliminary estimate of Macao's foreign exchange reserves amounted to 200.5 billion patacas (about 25.03 billion U.S. dollars) at the end of March, the special administrative region's (SAR) monetary watchdog said on Thursday.
The latest statistics from the Monetary Authority of Macao indicated that the reserves increased by 1.0 percent from the revised value of 198.5 billion patacas (about 24.85 billion U.S. dollars) for the previous month.
Macao's foreign exchange reserves at the end of March represented 10 times the currency in circulation or 83.8 percent of pataca M2 at the end of February.
The trade-weighted effective exchange rate index for the pataca rose 1.04 points month on month but fell 5.26 points year on year to 103.2 in March, implying that the exchange rate of the pataca grew against the currencies of Macao's major trading partners on a monthly basis but dropped on an annual basis.
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