South Korea’s foreign exchange reserves declined to $423.7 billion at the end of March 2026, down from $427.6 billion at the end of February. The decrease was mainly attributed to a lower dollar-equivalent valuation of non-dollar assets and to market-stabilization efforts, including foreign exchange swap operations with the National Pension Fund.
By asset type, securities holdings stood at $377.7 billion (compared with $379.96 billion in February), while deposits fell to $21.1 billion (from $22.5 billion). Special Drawing Rights (SDRs) amounted to $15.6 billion (down from $15.8 billion), gold holdings were unchanged at $4.79 billion, and the IMF reserve position was $4.55 billion (slightly lower than $4.61 billion in February). As of February, South Korea held the 12th-largest foreign exchange reserves in the world.
