Foreign Exchange Reserves in South Korea went up to $419.25 billion in March 2024, from $415.73 billion in the previous month.It snapped two consecuti
Foreign Exchange Reserves in South Korea went up to $419.25 billion in March 2024, from $415.73 billion in the previous month.
It snapped two consecutive months of slowdown in FX reserves growth as investment gains offset the decreased conversion value of non-dollar.
Gains from investment and deposits increased offsetting a fall in the converted value of holdings denominated in other currencies.
Deposits ($30.5 billion vs $21.8 billion) increased in March, while Securities ($364.9 billion vs $369.5 billion), IMF reserve position ($4.3 vs $4.5 billion) and SDRs ($14.7 billion vs $15.1 billion) all decreased.
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