South Korea's foreign currency deposits soared to a record $119.43 billion in December, fueled by corporate and individual dollar hoarding amid expectations of further dollar-won gains and heightened exchange rate volatility.
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'Dollar Hoarding' Frenzy—Foreign Currency Deposits Surge by $15.9 Billion in December
South Korea's foreign currency deposits soared to a record $119.43 billion in December, fueled by corporate and individual dollar hoarding amid expectations of further dollar-won gains and heightened exchange rate volatility.
Foreign Currency Deposits Rise by $1.71 Billion in November—Corporate Deposits Up $1.67 Billion
South Korea's foreign currency deposits rose by $1.71 billion in November, reversing a two-month decline, with corporate deposits driving the increase, according to Bank of Korea data.
South Korea’s resident foreign currency deposits slipped to $107.09 billion at end-September, with declines in U.S. dollar and corporate deposits offsetting gains in individual holdings, according to Bank of Korea data.
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Foreign Currency Deposits Edge Down to $107.09 Billion at End-September—Dollar and Corporate Deposits See Modest Decline
South Korea’s resident foreign currency deposits slipped to $107.09 billion at end-September, with declines in U.S. dollar and corporate deposits offsetting gains in individual holdings, according to Bank of Korea data.
Foreign Currency Deposits Reach $107.64 Billion at End-August—Highest in 2 Years and 7 Months
South Korea’s resident foreign currency deposits soared to $107.64 billion at end-August, the highest in 2 years and 7 months, driven by increased dollar and corporate deposits.
Foreign Currency Deposits Drop by $4.91 Billion in February - 'Corporate Deposits Decline Amid Rising Exchange Rates'
South Korea's foreign currency deposits fall by $4.91 billion in February, primarily due to corporate withdrawals amid rising exchange rates, signaling potential economic shifts.
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