September 4, 2017 / 9:00 PM / 2 months ago

S.Korea end-Aug foreign exchange reserves rise for sixth month

    SEOUL, Sept 5 (Reuters) - South Korea's foreign exchange
reserves rose for a sixth consecutive month in August to $384.84
billion, the central bank said on Tuesday, as the U.S. dollar
fell against a batch of other currencies in global markets.
    Foreign exchange reserves in total held by the Bank of Korea
(BOK) rose by $1.08 billion in August, up from $383.76 billion a
month earlier.
    The BOK linked the rise to a weaker greenback, which
increased the value of other currencies including euro,
in the reserves when converted into dollars along with gains
from reserve portfolio management.
    By August, the country's foreign reserves were mostly held
in the form of securities, data by BOK showed, which was about
92 percent.
    The central bank does not provide breakdowns of its currency
reserves.
    South Korea had the world's ninth-largest foreign exchange
reserves as of end-July this year.

    South Korean foreign reserves (in $ billion, at month-end,
rounded):
 Aug     July    June    May     April   March   Feb     Jan
 384.84  383.76  380.57  378.46  376.57  375.30  373.91  374.04
 
 (Reporting by Dahee Kim; Editing by Sherry Jacob-Phillips)
  

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