Seoul [South Korea], April 5:South Korea's foreign reserves rebounded last month owing to a higher conversion value of non-U.S. dollar assets, central bank data showed on Wednesday.
Foreign currency reserves amounted to 426.07 billion U.S. dollars at the end of March, up 0.78 billion dollars from a month earlier, according to the Bank of Korea (BOK).
It turned around after decreasing 4.68 billion dollars in the previous month.
The weak dollar increased the conversion value of non-dollar assets. The dollar index, which gauges the dollar value versus six major peers, declined 2.4 percent last month.
The country's foreign reserves were composed of 377.59 billion dollars of securities, 24.14 billion dollars of deposits, 14.80 billion dollars of special drawing rights, 4.79 billion dollars of gold bullion and 4.74 billion dollars of the IMF (International Monetary Fund) position.
South Korea was the world's ninth-largest holder of foreign reserves at the end of February, unchanged from a month earlier.
Source: Xinhua