Foreign Exchange Reserves at $461.77 Billion at End of February... Increase After 4 Months

Foreign Exchange Reserves Increase by $240 Million from Previous Month
Ranked 8th Globally... China, Japan, Switzerland 1st to 3rd

(Data provided by Bank of Korea)

South Korea's foreign exchange reserves increased by 240 million dollars last month, marking a return to growth after four months.

According to the Bank of Korea on the 4th, South Korea's foreign exchange reserves stood at 461.77 billion dollars last month, up 240 million dollars from the end of the previous month.

The foreign exchange reserves had decreased for three consecutive months after reaching a record high of 469.21 billion dollars at the end of October last year, falling to 463.91 billion dollars at the end of November, 463.118 billion dollars at the end of December, and 461.53 billion dollars at the end of January this year, before increasing again this month.

The Bank of Korea explained, "The increase in foreign exchange reserves was due to the rise in the dollar value of foreign currency assets in other currencies and increased investment income."

The foreign exchange reserves consisted of securities worth 410.84 billion dollars (89.0%), deposits of 26.2 billion dollars (5.7%), Special Drawing Rights (SDR) of 15.31 billion dollars (3.3%), gold worth 4.79 billion dollars (1.0%), and IMF position of 4.61 billion dollars (1.0%).

Securities (177 million dollars), SDR (30 million dollars), and IMF position (10 million dollars) increased compared to the previous month, while deposits decreased by 1.56 billion dollars. Gold remained unchanged from the previous month.

As of January, South Korea's foreign exchange reserves ranked 8th in the world. China had the largest reserves at 3.2216 trillion dollars, followed by Japan (1.3859 trillion dollars), Switzerland (1.0926 trillion dollars), Russia (630.2 billion dollars), and India (629.9 billion dollars).

This content was produced with the assistance of AI translation services.