SEOUL, Aug. 3 (Xinhua) -- South Korea's foreign reserves hit a fresh record high last month as the weak U.S. dollar increased the conversion value of non-dollar assets, central bank data showed Thursday.
Foreign currency reserves reached 383.76 billion U.S. dollars as of end-July, up 3.19 billion dollars from a month earlier, according to the Bank of Korea (BOK).
The country's reserves denominated in foreign currencies kept rising for the fifth consecutive month, maintaining the record-breaking momentum for three months in a row.
The conversion value of non-dollar assets increased as the greenback depreciated versus its peers amid the political uncertainty and the slumping economic indicators.
The European single currency appreciated 2.7 percent to the dollar, with the British pound rising 1 percent versus the greenback. The Japanese yen gained 1.3 percent against the dollar.
The country's foreign reserves were composed of 354.55 billion dollars of securities holdings, 19.38 billion dollars of deposits, 4.79 billion dollars of gold bullion, 3.29 billion dollars of special drawing rights and 1.73 billion dollars of IMF positions.
As of end-June, South Korea was the ninth-largest holder of foreign reserves.
