Korea's foreign exchange reserves fell for the first time in six months in July.
The Bank of Korea says the country's reserves stood at 370-point-eight billion U.S. dollars as of the end of July,... down nearly four billion dollars on-month.
The central bank says the slump is due to the appreciated value of the U.S. dollar,... which lowered the conversion value of non-dollar currencies.
In July, the *Australian dollar fell five percent against the greenback,... while the euro slipped two-and-a-half percent and the pound depreciated about one percent.
Korea was the sixth-largest holder of foreign reserves as of the end of June.
China topped the list, followed by Japan and Saudi Arabia.
