As of the end of April, foreign exchange reserves stood at $427.88 billion, up $4.22 billion from the end of the previous month, the Bank of Korea said on the 7th.
Of the foreign exchange reserves, securities came to $384.07 billion (89.8%). Deposits were $18.76 billion (4.4%), special drawing rights (SDR) were $15.81 billion (3.7%), gold was $4.79 billion (1.1%), and the International Monetary Fund (IMF) reserve position was $4.45 billion (1%). The IMF reserve position refers to an IMF-related claim held through investment paid in by IMF member countries.
The Bank of Korea said the increase in foreign exchange reserves "was due to a rise in the U.S. dollar-converted value of non-dollar foreign assets and investment income." As the dollar weakened against other currencies, the values of the euro, pound, and yen held by the Bank of Korea were shown as higher.
As of the end of March, Korea's foreign exchange reserves ranked 12th in the world. China had the most at $3.3421 trillion, followed by Japan at $1.3747 trillion. Switzerland ranked third at $1.0698 trillion. France ranked 10th at $445.4 billion, and Hong Kong ranked 11th at $430.8 billion.