May 3, 2017 / 9:00 PM / 3 months ago

EMBARGO-S.Korea end-April reserves soars to near record level

1 Min Read

    SEOUL, May 4 (Reuters) - South Korea's foreign exchange
reserves rose to $376.57 billion in April from $375.30 billion a
month earlier, the central bank said on Thursday, their second
highest level on record.
    The foreign exchange reserves in April rose by $1.27 billion
in April, bringing total reserves to the highest level since the
all-time high of $377.77 billion was hit in September 2016.
    The Bank of Korea attributed the rise to gains from reserve
portfolio management and a fall in dollar against Asian
currencies during the month, which increased the value of assets
held in other currencies when converted.
    South Korea has the world's eighth largest foreign exchange
reserves as of April this year.

    South Korean foreign reserves (in $ bln, at month-end,
rounded):
 April   March   Feb     Jan     Dec     Nov     Oct     Sept
 376.57  375.30  373.91  374.04  371.10  371.99  375.17  377.77
 
 (Reporting by Cynthia Kim; Editing by Sam Holmes)
  

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