South Korea Forex Reserves Fall in March

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South Korea’s foreign exchange reserves fell to $423.7 billion at the end of March 2026, down from $427.6 billion in February. The decrease was driven by lower dollar-equivalent values of other currency assets and market stabilization measures, including foreign exchange swaps with the National Pension Fund. Securities holdings were $377.7 billion (vs. $379.96 billion in February), deposits declined to $21.1 billion (vs. $22.5 billion), SDRs stood at $15.6 billion (vs. $15.8 billion), gold holdings remained at $4.79 billion, and the IMF reserve position was $4.55 billion (vs. $4.61 billion). As of February, South Korea ranked 12th globally in foreign exchange reserves.

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