S. Korea's FX reserves edge down on-month in October
- 6 years ago
After hitting a new all-time high in September...South Korea's foreign exchange reserves edged down in October... to 402-point-seven billion U.S. dollars.
The Bank of Korea says the country's reserves dipped by 250 million dollars on-month...due to the stronger greenback, which in turn decreased the value of the BOK's assets in other currencies.
As of the end of September, South Korea had the world's eighth largest foreign exchange reserves, with China topping the list.
The Bank of Korea says the country's reserves dipped by 250 million dollars on-month...due to the stronger greenback, which in turn decreased the value of the BOK's assets in other currencies.
As of the end of September, South Korea had the world's eighth largest foreign exchange reserves, with China topping the list.