Foreign currency reserves grew 1.30 billion U.S. dollars from a month earlier to 413.51 billion dollars at the end of July, after sliding for the past three months, according to the Bank of Korea (BOK).
The turnaround came as the weak dollar increased the conversion value of non-dollar assets. The dollar index, which gauges the dollar value versus six major peers, declined 1.3 percent last month.
The country's foreign reserves were composed of 367.05 billion dollars of securities, 22.35 billion dollars of deposits, 14.95 billion dollars of special drawing rights, 4.79 billion dollars of gold bullion and 4.37 billion dollars of the IMF position.
South Korea ranked as the world's ninth-largest holder of foreign reserves at the end of June, unchanged from the previous month.
Latest comments