SEOUL, Dec 13 (Reuters) - South Korea’s foreign currency deposits declined in November for a third straight month and to a five-month low, central bank data showed on Tuesday, as institutions withdrew funds from dollar and euro accounts.
Total foreign currency bank deposits slipped to $61.05 billion as of end-November, Bank of Korea (BOK) data showed, down from $61.82 billion in the previous month. This was the smallest amount since end-June.
Dollar deposits inched down from $52.74 billion to $52.03 billion over the same period as conglomerates used them for trade-related settlements and also to repatriate into won , the data said.
Deposits of euro ticked down from $3.01 billion to $2.80 billion in November as brokerages withdrew euro from their accounts, the BOK added.
As of end-November, dollar deposits accounted for 85.2 percent of all deposits while the euro accounted for 4.6 percent. (Reporting by Christine Kim; Editing by Eric Meijer)