foreign exchange reserves Archives

South Korea’s Foreign Exchange Holdings Drop for First Time in Months

SEOUL, Oct. 13 (Korea Bizwire) – South Korea’s foreign exchange holdings have dropped for the first time in seven months, according to the Bank of Korea (BOK). The BOK said on Thursday that the country’s foreign exchange reserves were estimated at 364.7 billion dollars, down 170 million dollars from the previous month. It’s the first time [...]

Korea’s FX Reserves Dip in Jan.

SEOUL, Feb. 4 (Korea Bizwire) — South Korea’s foreign exchange reserves slipped in January from a month earlier as the currency value of the euro and the British pound weakened, data showed Wednesday. The country’s foreign exchange reserves reached US$362.2 billion as of the end of last month, falling $1.4 billion from December, according to Bank [...]