SEOUL, May 4 Yonhap -- South Korea's foreign exchange reserves rose slightly in April from a month earlier due to a hike in the value of non-dollar currencies when converted into the U. Foreign exchange reserves consist of securities and deposits denominated in overseas currencies, as well as International Monetary Fund IMF reserve positions, special drawing rights and gold bullion.

Meanwhile, the BOK said South Korea was the world's eighth-largest holder of foreign exchange reserves as of end-March, following China, Japan, Switzerland, Saudi Arabia, Taiwan, Russia and Hong Kong, in that order.

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FX Reserves: Korea’s Foreign Exchange Reserves Hit an All-time High in May | BusinessKorea

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