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An official checks U.S. greenback notes at a financial institution department of Hana Financial institution in central Seoul, Jan. 6. Yonhap
International forex deposits in Korea rose for a second consecutive month in December, reaching an all-time excessive amid weak spot within the native forex, central financial institution knowledge confirmed Monday.
Excellent overseas currency-denominated deposits held by residents stood at $119.43 billion on the finish of December, up $1.59 billion from a month earlier, based on the info from the Financial institution of Korea (BOK).
The determine marked the best stage since June 2012, when the central financial institution started compiling related knowledge.
The earlier document was set in August 2025, however deposits declined over the next two months earlier than rebounding in November.
Residents embrace Korean residents, foreigners who’ve lived within the nation for greater than six months and overseas firms. The information excludes interbank deposits.
“Firms and people boosted their greenback holdings amid heightened volatility within the won-dollar change charge across the finish of final 12 months. Funds for exporters’ cost settlements and standby funds earmarked for abroad funding, specifically, flowed into overseas forex deposits,” a BOK official stated.
Company overseas forex deposits jumped $14.07 billion from a month earlier to a document excessive of $102.5 billion, whereas particular person holdings rose $1.82 billion to $16.93 billion.
By forex, U.S. dollar-denominated deposits elevated $8.34 billion to $95.93 billion, whereas Japanese yen deposits gained $870 million to $9 billion.
Euro-denominated deposits climbed $6.35 billion to $11.75 billion, and Chinese language yuan deposits rose $310 million to $1.45 billion, the info confirmed.
The received had hovered close to the intently watched 1,470 received stage towards the U.S. greenback, pressured by broad greenback energy, geopolitical dangers and robust abroad fairness funding by native traders, prompting authorities to situation verbal interventions and roll out varied coverage measures.
Amid volatility, the forex was quoted at 1,465.8 received per greenback Friday.
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