Foreign Exchange Reserves in South Korea went up to $419.25 billion in March 2024, from $415.73 billion in the previous month. It snapped two consecutive months of slowdown in FX reserves growth as investment gains offset the decreased conversion value of non-dollar. Gains from investment and deposits increased offsetting a fall in the converted value of holdings denominated in other currencies. Deposits ($30.5 billion vs $21.8 billion) increased in March, while Securities ($364.9 billion vs $369.5 billion), IMF reserve position ($4.3 vs $4.5 billion) and SDRs ($14.7 billion vs $15.1 billion) all decreased. source: The Bank of Korea

Foreign Exchange Reserves in South Korea increased to 419251.30 USD Million in March from 415738.50 USD Million in February of 2024. Foreign Exchange Reserves in South Korea averaged 140990.72 USD Million from 1971 until 2024, reaching an all time high of 469207.70 USD Million in October of 2021 and a record low of 564.50 USD Million in April of 1972. This page provides the latest reported value for - South Korea Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Foreign Exchange Reserves - data, historical chart, forecasts and calendar of releases - was last updated on May of 2024.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-05 09:00 PM
Foreign Exchange Reserves
Feb $415.73B $415.76B $417.0B
2024-04-02 09:00 PM
Foreign Exchange Reserves
Mar $419.25B $415.74B $415.0B
2024-05-06 09:00 PM
Foreign Exchange Reserves
Apr $419.25B $415B


Related Last Previous Unit Reference
Central Bank Balance Sheet 511283.60 536401.90 KRW Billion Jan 2024
Foreign Exchange Reserves 419251.30 415738.50 USD Million Mar 2024
Foreign Stock Investment 952016.80 861743.50 USD Million Dec 2023
Interbank Rate 3.58 3.58 percent Apr 2024
Interest Rate 3.50 3.50 percent Apr 2024
Lending Rate 4.50 4.50 percent Apr 2024
Loans to Private Sector 12624000.00 12544272.00 KRW Hundred Million Feb 2024
Money Supply M0 171202300.00 171057100.00 KRW Million Feb 2024
Money Supply M1 1217657.20 1223180.10 KRW Billion Feb 2024
Money Supply M2 3929857.90 3924203.20 KRW Billion Feb 2024
Money Supply M3 5414713.60 5418235.40 KRW Billion Feb 2024

South Korea Foreign Exchange Reserves
In South Korea, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.
Actual Previous Highest Lowest Dates Unit Frequency
419251.30 415738.50 469207.70 564.50 1971 - 2024 USD Million Monthly
Current Prices, NSA


News Stream
South Korea FX Reserves Rise to 3-Month High in March
Foreign Exchange Reserves in South Korea went up to $419.25 billion in March 2024, from $415.73 billion in the previous month. It snapped two consecutive months of slowdown in FX reserves growth as investment gains offset the decreased conversion value of non-dollar. Gains from investment and deposits increased offsetting a fall in the converted value of holdings denominated in other currencies. Deposits ($30.5 billion vs $21.8 billion) increased in March, while Securities ($364.9 billion vs $369.5 billion), IMF reserve position ($4.3 vs $4.5 billion) and SDRs ($14.7 billion vs $15.1 billion) all decreased.
2024-04-02
South Korea FX Reserves Down For 2nd Month in February
Foreign Exchange Reserves in South Korea decreased to $415.73 billion in February 2024, from $415.76 billion in the previous month. It declined for a second consecutive month as the decreased conversion value of non-dollar assets offset increased investment profit. The dollar's ascent last month lowered the converted value of holdings denominated in other currencies, undercutting a rise in investment gains. Securities ($369.5 billion vs $368.7 billion in January) and deposits ($21.8 billion vs $22.8 billion) and IMF reserve position ($4.6 vs $4.5 billion) all decreased, while SDRs rose ($15.1 billion vs $14.9 billion).
2024-03-05
South Korea FX Reserves Rise for 2nd Month in December
Foreign Exchange Reserves in South Korea increased to $420.15 billion in November 2023, following a $417.08 billion in the prior month. It marked the second straight month of rise in foreign reserves driven by the increased conversion value of non-dollar assets and a rise in deposits. The dollar's descent last month boosted the converted value of holdings denominated in other currencies, and investment returns increased. Securities ($373.7 billion vs $372.1 billion in November), deposits ($22 billion vs $20.6 billion) and IMF reserve position ($4.6 vs $4.5 billion) while SDRs remained unchanged ($15.1 billion).
2024-01-03