MAX Logo
MAX Logo

Data

InflationHousing
YouTubeXInstagramTikTok
South Korea flag

South Korea

Foreign Exchange Reserves

416.8
billion currency units
Source: IMF

Global Ranking

27
Russia540.69
28
Mali493.2
29
Benin453.4
30
United Arab Emirates437.37
31
Hong Kong419.2
32
South Korea416.8
33
Singapore410.5
34
Malawi374.5
35
Niger366.3
36
Morocco340.73
37
Mauritius329.11

Asia Ranking

6
China3193.58
7
Japan1238.06
8
Nepal1120.95
9
Russia540.69
10
Hong Kong419.2
11
South Korea416.8
12
Singapore410.5
13
Macao210.35
14
Indonesia130.78
15
Bhutan116.78
16
Malaysia106.1

Definition of Foreign Exchange Reserves

Foreign exchange reserves consist of foreign currency, deposits denominated in foreign currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities to finance trade imbalances, check the impact of foreign exchange fluctuations and address other issues under the purview of the central bank.

Related Indicators